PORTO ALEGRE, Brazil, Aug. 9, 2017 /PRNewswire/ -- 2Q17 Highlights
- EBITDA of R$ 1.1 billion in 2Q17, with EBITDA margin expansion in relation to 2Q16 and 1Q17.
- Selling, general and administrative expenses declined by 27% in 2Q17 compared to 2Q16, corresponding to 4.6% of net sales.
- Financial leverage measured by the ratio of net debt to EBITDA remained stable at 3.6 times, despite the unfavorable exchange variation.
- Free cash flow of R$ 241 million generated in 2Q17 and R$ 1.6 billion in the last twelve months.
Gerdau S.A. informs that it is filling today its 2Q17 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 2Q17 Valuation Guide is also available at Gerdau's website http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
55 51 3323 2703
SOURCE Gerdau S.A.