SAO PAULO, March 10, 2011 /PRNewswire/ -- During the quarter, Eternit operated at full capacity in the chrysotile mining segment and at above 90% in the fiber cement business - in line with the activities of the domestic civil construction industry as a whole. The fiber cement segment performance should take into account the unveiling of a further production line at the unit in Simoes Filho/BA during 4Q10 when installed capacity increased from 850 thousand to about 1 million tons. In the concrete roofing tiles business, operations ran at a installed capacity of more than 80% in the period.
The 18.8% growth in fiber cement sales volume in 4Q10, when compared with the same period last year, led to a new level of sales volume, totaling 232.1 thousand tons in the quarter. Sales volume of chrysotile ore amounted to 80.1 thousand tons, equivalent to growth of 3.1% in relation to 4Q09, reflecting utilization of full capacity and the running down of inventory levels to meet full demand.
Eternit continues to focus on its Structured Expansion and Diversification Program, the target for which – established in late 2007 – was to increase sales to R$ 1 billion by the end of 2011. Practically, this target was reached one year ahead of time due to positive results, principally from the domestic market and to investments made over the past view years, says Elio A. Martins, CEO and Investor Relations Director.
For the seventh consecutive quarter, Eternit posted record net consolidated revenue in 4Q10, totaling R$ 210.7 million, 33.9% higher than 4Q09. This result reflects the increase in sales volumes, price increases for all lines and the incorporation of revenues generated by Tegula, amounting to R$ 19.1 million in the period under analysis.
The net consolidated income reached R$ 29.0 million in the last quarter of 2010, 68.3% above the value posted in 4Q09, with a net margin of 14%, an increase of 3 percentage points when compared with the same period of 2009.
On December 31, 2010, Eternit has reached another milestone in its history, its market value exceeded the barrier of $ 1 billion in BM&FBovespa
Conference Call with Webcast (in Portuguese – simultaneous translation into English)
Presentation: Elio A. Martins – CEO and Investor Relations Officer
Date: Friday March 11 2011
Time: 9:00 a.m. in New York, 2:00 p.m. in London and 11:00 a.m. Brasilia time
The presentation together with slides may be viewed on the website by registering through the site www.ccall.com.br/eternit/4q10.htm or through the Company's Investor Relations website: www.eternit.com.br/ir
To listen to the presentation by telephone:
Participants in Brazil - (55-11) 4688-6361
Participants from other countries - (1 786) 924-6977
Access Code: Eternit
SOURCE Eternit S.A.