Click here to close now.

SYS-CON MEDIA Authors: Pat Romanski, Jason Bloomberg, Liz McMillan, Elizabeth White, Dana Gardner

News Feed Item

Eternit reports 3Q12 net revenue of R$ 230 million and 7% EBITDA growth

SAO PAULO, Nov. 7, 2012 /PRNewswire/ -- Eternit S.A. (BM&FBOVESPA: ETER3; OTC: ETNTY), a company with 72 years of activity, the market leader in roof coverings with operations in the bathroom chinaware, metallic bathroom fittings segments and components for construction systems, today announces its results for the 3rd quarter 2012 (3Q12).

The Brazilian Construction Materials Industry Association (ABRAMAT) data reported weakness in demand for construction materials during the third quarter, more notably in September.

Chrysotile mineral sales volume posted an increase in 3Q12 of 6.1% largely driven by exports when compared with 3Q11. In the same period, volumes fell by 12.8% for fiber cement products and by 2.7% for the concrete tiles line due to slower market conditions.

Despite reduced fiber cement and concrete tiles sales, net consolidated revenues recorded growth of 7.9% to reach R$ 229.8 million in 3Q12 due to the increased volumes generated by the chrysotile mining business, price repositioning across the entire portfolio and the appreciation of the US dollar in relation to the Real, which had a positive impact on exports.

With proportionally faster growth in net consolidated revenue in relation to the increase in the consolidated cost of products sold, EBITDA reached R$ 45.3 million, 6.9% stronger than in 3Q11. This was achieved in spite of the rise of 19.2% in operating expenses, principally in function of higher expenditures with mining rights (royalties) due to expanded sales at the SAMA subsidiary and with the Company's defense of its chrysotile asbestos business.

Net income for 3Q12 reached R$ 27.1 million, 0.8% less than reported in 3Q11, principally a function of the initial expenses with Companhia Sulamericana de Ceramica, a joint-venture between Eternit and Organizacoes Corona, in addition to a lower financial result.

In line with the Company's Structured Expansion and Diversification Plan, investments in 3Q12 reached R$ 23.5 million, 53.5% more than in 3Q11, principally expended on the modernization of the fiber cement plants, the acquisition of equipment and trucks for SAMA and the initial construction work of the new bathroom chinaware plant.

Invitation
Eternit invites all to the following events for announcing third quarter 2012 earnings.
Conference Call with Webcast (in Portuguese – simultaneous translation into English)
Presentation: Elio A. Martins – Chairman and Investor Relations Officer
Date: Thursday, November 8, 2012
Time: 2:00 p.m. - Brasilia time; 11:00 a.m. in New York and 4:00 p.m. in London

The presentation together with slides may be viewed on the website by registering through the site www.ccall.com.br/eternit/3q12.htm or through the Company's Investor Relations website: www.eternit.com.br/ir

To listen to the presentation by telephone: (55-11) 4688-6361 for Brazil and (1 786) 924-6977 for other countries - Password for participants: Eternit

Playback: the recording will be available from November 8, 2012 until November 14, 2012

Telephone: (55-11) 4688-6312 Password for participants: 3638898#

Contacts - Eternit S.A. – Investor Relations
Rodrigo Lopes da Luz - [email protected] - Phone: (55-11) 3038-3818
Paula Dell Agnolo Barhum - [email protected] - Phone: (55-11) 3194-3881
Frederico Gomes Amaral - [email protected] - Phone: (55-11) 3194-3872

SOURCE Eternit S.A.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud en...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between confe...
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual machines and containers, the latter have been seen as the new kid on the block – and like other emerging technology have had some initial shortcomings. However, the container space has evolved drastically since coming on...
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
SYS-CON Media named Andi Mann editor of DevOps Journal. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Andi Mann, Vice President, Strategic Solutions, at CA Technologies, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, communicator, and thought lea...
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. Acco...
You often hear the two titles of "DevOps" and "Immutable Infrastructure" used independently. In his session at DevOps Summit, John Willis, Technical Evangelist for Docker, will cover the union between the two topics and why this is important. He will cover an overview of Immutable Infrastructure then show how an Immutable Continuous Delivery pipeline can be applied as a best practice for "DevOps." He will end the session with some interesting case study examples.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 8th International Big Data Expo, co-located with 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing bo...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...