PORTO ALEGRE, Brazil, Nov. 10, 2011 /PRNewswire/ --
3rd quarter of 2011 Highlights
Shipments reached 4.8 million tonnes in the 3Q11, 10% higher than in the 3Q10, due to the higher demand in practically all operations in which Gerdau runs.
Net Sales reached R$ 9.0 billion in the 3Q11, 9% more than 3Q10, due to the higher shipments in all operations.
3Q11 EBITDA reached R$ 1.2 billion, compared to R$ 1.3 billion in the 3Q10. The EBITDA margin was 14% in the 3Q11.
Net Income was R$ 713 million in the 3Q11, higher than R$ 609 million recorded in the 3Q10 and R$ 503 million in the 2Q11.
Investments in fixed assets totaled R$ 616 million in the 3Q11 and totaled R$ 1,3 billion in the 9 months of 2011.
Net Debt was R$ 9.2 billion on September 30th, 2011, representing 2.1x the last twelve months EBITDA. There was a 27% reduction in the Net Debt when compared to December 2010 resulted mainly from the Public Offering concluded in April, 2011.
The Company deliberated the dividend payment of R$ 205 million (R$ 0.12/share) for Gerdau S.A. shareholders, and R$ 77 million (R$ 0.19/share) for Metalurgica Gerdau S.A. shareholders, based on the results of the 3Q11. The payment will be held on November 30th, 2011.
Additional Information
Gerdau S.A. informs that it is filling today its 3Q11 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://www.gerdau.com/investidores/informacoes-financeiras-informacoes-relevantes.aspx?language=en-US
The 3Q11 Valuation Guide is also available at Gerdau's website http://www.gerdau.com/investidores/informacoes-operacionais.aspx?language=en-US
The 3Q11 Shareholders Guide is also available at Gerdau's website http://v3.gerdau.infoinvest.com.br/static/enu/guia-do-acionista/index.asp?idioma=enu
Investor Relations
inform@gerdau.com.br
+55 51 3323 2703
SOURCE Gerdau S.A.
