PORTO ALEGRE, Brazil, July 30, 2014 /PRNewswire/ -- Shipments of steel products reached 4.5 million tonnes in the 2Q14, a reduction of 2.4% when compared to 2Q13.
Net Sales reached R$ 10.4 billion in the 2Q14, an increase of 5.7% when compared to 2Q13.
2Q14 EBITDA reached R$ 1.2 billion. The EBITDA margin reached 11.2% in the 2Q14, lower than 12.1% recorded in 2Q13, due to the weaker performance of the Brazil and Special Steel BOs, which was partially offset by the better performance of the North America BO.
Net Income totaled R$ 393 million in the 2Q14, compared to R$ 401 million in the 2Q13.
Investments in fixed assets totaled R$ 478.7 million in the 2Q14.
Net Debt was R$ 12.5 billion on June 30, 2014, representing 2.4 times the last twelve months EBITDA.
Metalurgica Gerdau S.A. and Gerdau S.A. deliberated the payment of dividends, respectively, R$ 28.4 million (R$ 0.07/share) and R$ 102.3 million (R$ 0.06/share), based on 2Q14 results, which will start to be paid on August 21, 2014.
Gerdau S.A. informs that it is filling today its 2Q14 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 2Q14 Valuation Guide is also available at Gerdau's website
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SOURCE Gerdau S.A.