Ferbasa announces disclosure of results 2Q15

R$ 235 million in net cash, R$ 113 million in profit and R$ 148 million in EBITDA for the first six months of the year.

Aug 07, 2015, 21:05 ET from FERBASA - Companhia de Ferro Ligas da Bahia

SALVADOR, Brazil, Aug. 7, 2015 /PRNewswire/ -- CIA DE FERRO LIGAS DA BAHIA - FERBASA (BM&FBovespa: FESA3 and FESA4), the largest manufacturer of ferroalloys in Brazil, and the only integrated producer chrome iron in the Americas, engaged in mining, reforestation and metallurgy activities, is announcing its results today for 2Q15.

Highlights of 2nd quarter of 2015:

Production: 153,000 tons of alloys
Record production with 88% use of installed capacity

Sales Volume: 104,000 tons of alloys
More selective sales following a strategy of stockpiling alloys

Net Revenues: R$ 461 million
Exchange offsetting lower volumes and lower prices in dollars  

Adjusted EBITDA: R$ 148 million
56% increase in relation to the first six months of 2014, at an average exchange rate of R$ 2.90 (+26%)

Cash and Applications: R$ 250 million
Applications indexed to the CDI yield a higher return in periods of a high SELIC rate.  

CAPEX: R$ 32 million
Chiefly seeking gains in productivity

Click here to access the Release.

Teleconference in Portuguese
August 10, 2015 (Monday)

2:00 p.m. (Salvador)
2:00 p.m. (Brasília)
1:00 p.m. (New York)
Phone: +55 11 2188-0155
Webcast: click here

Participants should connect 10 minutes prior to the start of teleconferences.

For further information, please contact our Investor Relations Team:

Carlos Henrique Temporal - Investor Relations
Phone: +55 (71) 3404-3023 | dri@ferbasa.com.br

SOURCE FERBASA - Companhia de Ferro Ligas da Bahia