|By PR Newswire||
|February 21, 2014 08:13 AM EST||
PORTO ALEGRE, Brazil, Feb. 21, 2014 /PRNewswire/ -- In 2013, with shipments of 18.5 million metric tons, 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 startup 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 startup of the special steel rolling mills in Pindamonhangaba (Sao Paulo) and in India.
Gerdau S.A. informs that it is filling its 2013 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://ri.gerdau.com/enu/s-5-enu.html?idioma=enu
The 4Q13 and full year 2013 Valuation Guide is also available at Gerdau's website:
+55 (51) 3323-2703
SOURCE Gerdau S.A.