PORTO ALEGRE, Brazil, May 4, 2017 /PRNewswire/ -- 1Q17 Highlights
- Consolidated EBITDA of R$ 853 million in 1Q17, with EBITDA margin expansion in relation to 1Q16 and 4Q16.
- Better performance of the Brazil BD in 1Q17 with EBITDA margin of 14.0%.
- Selling, general and administrative expenses declined by 32% compared to 1Q16 and by 18% compared to 4Q16.
- Financial leverage measured by the ratio of net debt to EBITDA remained stable at 3.5 times, accompanied by deleveraging.
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 1Q17 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 1Q17 Valuation Guide is also available at Gerdau's website
51 3323 2703
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SOURCE Gerdau S.A.