CSN Posts Net Revenue of R$4.4 Billion and Adjusted EBITDA Margin of 30% in
SAO PAULO, May 7, 2014
SAO PAULO, May 7, 2014 /PRNewswire/ -- CSN- Companhia Siderurgica Nacional
(BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 1Q14:
oNet revenue totaled R$4.4 billion in 1Q14, 20% up on 1Q13;
oGross profit came to R$1.3 billion, 69% more than in 1Q13;
oAdjusted EBITDA amounted to R$1.4 billion, a 60% improvement over the
R$0.9 billion recorded in 1Q13, with an adjusted EBITDA margin of 30%, up
by 8 p.p. in the same period;
oAdjusted EBITDA from the steel segment totaled R$761 million in 1Q14, 44%
higher than in the same quarter last year.
oCSN closed 1Q14 with cash and cash equivalents of R$12.9 billion.
oThe Net Debt/EBITDA ratio ended the quarter at 2.66x, 0.25x less than at
the end of 2013.
The full Earnings Release is available on CSN's IR website at
CSN will be hosting conference call about its 1Q14 Earnings on WEDNESDAY, May
7^th, 2014, at 10:00 a.m. (US ET) in Portuguese with simultaneous translation
into English. Connection details may be obtained on the Company's IR website.
Investor Relations Executive Officer
Phone: +55 11 3049-7588
SOURCE CSN - Companhia Siderúrgica Nacional.
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