Gerdau: 1st quarter of 2014 Highlights
PORTO ALEGRE, Brazil, May 7, 2014
PORTO ALEGRE, Brazil, May 7, 2014 /PRNewswire/ --Shipments of steel products
reached 4.4 million tonnes in the 1Q14, a reduction of 3.7% when compared to
Net Sales reached R$ 10.6 billion in the 1Q14, an increase of 15.1% when
compared to 1Q13.
1Q14 EBITDA reached R$ 1.2 billion, compared to R$ 805 million in the 1Q13.
The EBITDA margin reached 11.3% in the 1Q14, higher than 8.8% recorded in
1Q13, due to the better performance in the various regions where the Company
operates, with the exception of North America.
Net Income totaled R$ 440 million in the 1Q14, compared to R$ 160 million in
Investments in fixed assets totaled R$ 676.8 million in the 1Q14.
Net Debt was R$ 12.9 billion on March 31, 2014, representing 2.5 times the
last twelve months EBITDA.
Metalurgica Gerdau S.A. and Gerdau S.A. deliberated the dividend payment
(Interest on Capital Stock) of, respectively, R$ 44.7 million (R$ 0.11/share)
and R$ 119.3 million (R$ 0.07/share), based on 1Q14 results, which will start
to be paid on May 30, 2014.
Gerdau S.A. informs that it is filling today its 1Q14 results at the
Securities and Exchange Commission (SEC) and at the Comissão 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 1Q14 Valuation Guide is also available at Gerdau's website
+55 51 3323 2703
SOURCE Gerdau S.A.
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