PORTO ALEGRE, Brazil, Aug. 12, 2015 /PRNewswire/ -- Shipments of steel products reached 4.3 million tonnes in the 2Q15, a reduction of 5.6% when compared to 2Q14.
Net Sales reached R$ 10.8 billion in the 2Q15, an increase of 3.0% compared to 2Q14.
2Q15 EBITDA and margin EBITDA reached R$ 1.2 billion and 11.0%, respectively, remaining stable compared to 2Q14, supported by the reduction in selling, general and administrative expenses.
Net Income totaled R$ 265 million in the 2Q15.
Investments in CAPEX totaled R$ 648.2 million in the 2Q15.
Net Debt was R$ 16.9 billion on June 30, 2015, representing 3.1 times the last twelve months EBITDA.
Gerdau S.A. deliberated the payment of dividend, as interest on capital stock, of R$ 84.3 million (R$ 0.05/share), based on 2Q15 results, which will start to be paid on September 4, 2015.
Gerdau S.A. informs that it is filling today its 2Q15 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://ri.gerdau.com/enu/s-6-enu.html?idioma=enu
The 2Q15 Valuation Guide is also available at Gerdau's website
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SOURCE Gerdau S.A.