PORTO ALEGRE, Brazil, Oct. 29, 2015 /PRNewswire/ -- Shipments of steel products reached 4.7 million tonnes in the 3Q15, an increase of 2.4% when compared to 3Q14.
Net Sales reached R$ 11.9 billion in the 3Q15, an increase of 11.4% compared to 3Q14.
Reduction of 5.9% in selling, general and administrative expenses in the first nine months of 2015 compared to the same period last year.
Investment grade rating reaffirmed by the three main rating agencies.
3Q15 adjusted EBITDA reached R$ 1.3 billion, showing an increase of 4.0% compared to 3Q14, supported by the decrease in selling, general and administrative expenses.
Investments in CAPEX totaled R$ 508.6 million in the 3Q15.
Gerdau S.A. deliberated the payment of dividend, of R$ 67.5 million (R$ 0.04/share), based on 3Q15 adjusted net income, which will start to be paid on November 19, 2015.
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 3Q15 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 3Q15 Valuation Guide is also available at Gerdau's website http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
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SOURCE Gerdau S.A.