Gerdau Reports Growth in All Its Business Operations in 2013
02/25/2014 - In 2013, with shipments of 18.5 million metric tons, Gerdau’s consolidated net sales came to R$ 39.9 billion, increasing 5.0% in relation to 2012, with growth in all business operations.
Consolidated EBITDA was R$ 4.8 billion, increasing 14.6% from 2012, with the improvement in EBITDA in the year explained by the performance of the operations in Brazil and Latin America. As a result, consolidated EBITDA margin expanded from 11.0% in 2012 to 12.0% in 2013.
Consolidated net income for the fiscal year came to R$ 1.7 billion. Based on this result, dividends and interest on capital stock were declared in the amounts of R$ 476.7 million to the shareholders of Gerdau S.A. and of R$ 150.4 million to the shareholders of Metalurgica Gerdau S.A.
Investments in maintenance, technological modernization and capacity expansion amounted to R$ 2.6 billion in 2013, with the highlight for: expansion of the iron ore activities with the start-up of a new treatment unit in Miguel Burnier (Minas Gerais); conclusion of the installation of the rolling mill to produce coiled hot-rolled strips in Ouro Branco (Minas Gerais); and the start-up of the special steel rolling mills in Pindamonhangaba (Sao Paulo) and in India.
Consolidated net income for the fiscal year came to R$ 1.7 billion. Based on this result, dividends and interest on capital stock were declared in the amounts of R$ 476.7 million to the shareholders of Gerdau S.A. and of R$ 150.4 million to the shareholders of Metalurgica Gerdau S.A.
Investments in maintenance, technological modernization and capacity expansion amounted to R$ 2.6 billion in 2013, with the highlight for: expansion of the iron ore activities with the start-up of a new treatment unit in Miguel Burnier (Minas Gerais); conclusion of the installation of the rolling mill to produce coiled hot-rolled strips in Ouro Branco (Minas Gerais); and the start-up of the special steel rolling mills in Pindamonhangaba (Sao Paulo) and in India.
