Gerdau S.A. -- Consolidated Information
More News related to GGB
- Gerdau S.A. -- Consolidated Information
- Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
- Don't Miss Out! Two Weeks Left to Register for the 2010 IR Global Rankings
- More Than 170 Companies Already Registered for the 2010 IR Global Rankings
- More than 140 Companies Already Registered for the 2010 IR Global Rankings
More News related to Press Releases
- Wunderlich Securities Downgrades Gran Tierra Energy (GTE) to Hold
- Stephens Downgrades Benihana (BNHN) to Equalweight
- UBS Downgrades NRG Energy (NRG) to Neutral; Cuts Target to $26
- Citi Cuts Lukoil (LUKOY) to Hold
RIO GRANDE DO SUL, Brazil, Nov. 5 /PRNewswire-FirstCall/ -- Gerdau S.A. (NYSE: GGB) announces consolidated information for the third quarter of 2009.
3rd quarter of 2009 Highlights
Sales reached 3.9 million tonnes in the 3rd quarter of 2009, 15% higher than in the 2nd quarter of 2009, reflecting the recovery in the main sectors that consume the Company's products.
Net Revenue reached R$ 6.8 billion in the 3rd quarter of 2009, 6% higher than in the previous quarter.
3rd quarter of 2009 EBITDA reached R$ 1.4 billion, more than double the amount in the 2nd quarter of 2009. The EBITDA margin increased to 20.2% in the 3rd quarter of 2009 from 9.3% in the 2nd quarter.
Net Income was R$ 655 million in the 3rd quarter of 2009, compared to a net loss of R$ 329 million in the 2nd quarter, reflecting the recovery in the Company's operating margins in the period.
Investments in fixed assets totaled R$ 232 million in the 3rd quarter of 2009.
Gross Debt was R$ 16.1 billion in September of 2009, reduction of R$ 2.8 billion if compared to June of 2009, due to amortizations and the foreign exchange variation in the period.
The Company approved a payment of R$ 106.5 million in dividends, in the form of interest on capital, for Gerdau S.A. shareholders and R$ 67.1 million for Metalurgica Gerdau S.A. shareholders, based on the results of the first nine months of 2009.
Additional Information
Gerdau S.A. informs that it has filed today its 3rd quarter of 2009 results at the Securities and Exchange Commission (SEC) and at the Comissao de Valores Mobiliarios (CVM). To access this document, please click on http://www.gerdau.com/investidores/informacoes-financeiras-arquivos-cvm.aspx?language=en-US
This document and the 3rd quarter of 2009 complementary data regarding are also available at Gerdau's site http://www.gerdau.com/investidores/Default.aspx?language=en-US
Contact:
Carina Klaein Castro
5551-3323-2703
SOURCE Gerdau S.A.
Related Categories
Press ReleasesStocks Mentioned
+0.33Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
