PORTO ALEGRE, Brazil, Aug. 10, 2016 /PRNewswire/ --
- EBITDA and EBITDA margin improved in all business divisions in 2Q16 compared to 1Q16. EBITDA reached R$ 1.2 billion and EBITDA margin reached 11.7%
- Positive free cash flow of R$ 807 million in 2Q16: higher EBITDA, lower capex and working capital release
- Gross debt declines R$ 3.0 billion from March to June 2016, with a consequent reduction in the Net Debt/EBITDA ratio to 3.6 times
- Cash conversion cycle decreased to 71 days, setting a new record for the Company.
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filing today its 2Q16 results at the Securities and Exchange Commission (SEC) and at the Comissão de Valores Mobiliários (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 2Q16 Valuation Guide is also available at Gerdau's website http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
51 3323 2703
SOURCE Gerdau S.A.