PORTO ALEGRE, Brazil, Feb. 21, 2013 /PRNewswire/ --
Shipments totaled 18.6 million tonnes, down 3% from the prior year, mainly due to the lower exports from Brazil, which were partially redirected to the domestic market, where shipments grew 5%.
In 2012, consolidated net sales totaled R$ 38.0 billion, a 7% increase compared to 2011. This performance occurred by improvement in net sales per tonne shipped, which offset the lower shipments.
The 2012 EBITDA reached R$ 4.2 billion, down from 2011 due to the increase in costs outpacing the increase in net sales per tonne shipped.
Consolidated net income totaled R$ 1.5 billion in 2012. Based on such results, the payment of R$ 408 million in dividends and interest on capital stock was deliberated to the shareholders of Gerdau S.A., and R$ 130 million to the shareholders of Metalurgica Gerdau S.A.
The investments realized in 2012 totaled R$ 3.1 billion, with the highlight for the conclusion of the installation of a rolling mill to produce coiled hot-rolled strips at Ouro Branco mill – Minas Gerais, marking Gerdau's entry into the flat steel market. For the period 2013 to 2017 Gerdau revised its investment plan for R$ 8.5 billion.
Gerdau S.A. informs that it is filling its 2012 results at the Securities and Exchange Commission (SEC) and at the Comissao de Valores Mobiliarios (CVM), which are available at Gerdau's website. To access this document, please click on http://gerdau.infoinvest.com.br/enu/s-4-enu.html?idioma=enu
The 4Q12 and full year 2012 Valuation Guide is also available at Gerdau's website:
55 51 3323 2703
SOURCE Gerdau S.A.