SYS-CON MEDIA Authors: Yeshim Deniz, Xenia von Wedel, Peter Silva, Glenn Rossman, Ava Smith

News Feed Item

Eternit remains one of the companies with the highest returns for its shareholders, with dividend yield of 6.9% in 1H14

SAO PAULO, Aug. 7, 2014 /PRNewswire/ -- Eternit S.A. (BM&FBOVESPA: ETER3; OTC: ETNTY) announces its results for the 2Q14.

The performance of the construction materials sector in 2Q14 was well below the growth expected for the period by the Brazilian Association of Construction Material Industry (ABRAMAT), mainly due to the reduction in the number of working days because of the World Cup. However, the Company outperformed the sector despite the fact that the second quarter is seasonally a period of lower demand for Eternit.

The volume of chrysotile mineral sold in 2Q14 was 70,500 tons, decreasing 11.0% from 2Q13 due to the lower demand for construction materials in the domestic market and the non-recurring slowdown of the economies in Asia. In the same period, fiber-cement sales, including construction solutions, reached 190,000 tons, down 2.2% from 2Q13, whereas concrete roofing tiles sales decreased 20.0%, mainly due to the slowdown of the construction materials sector and a change in the behavior of consumers, who reduced the pace of renovations and retail purchases.

Consolidated net revenue in 2Q14 came to R$ 220.6 million, down 8.6% from 2Q13, mainly due to the lower sales volume of its portfolio, which was partially offset by the price increase in the fiber-cement and concrete roofing tiles segments, as well as the appreciation of the U.S. dollar against the Brazilian real.

In 2Q14, EBITDA reached R$ 35.3 million, decreasing 25.7% from 2Q13, chiefly due to the lower sales volume of chrysotile asbestos, fiber-cement and concrete roofing tiles, and the non-recurring increase in operating expenses resulting from the administrative and commercial restructuring of the subsidiary Tegula. As a result, net income decreased 33.2% from 2Q13 to R$ 18.1 million in 2Q14.

Investments in 1H14 totaled R$ 44.0 million, primarily allocated to the installation of a unit for the research, development and production of construction material inputs and the maintenance and modernization of the Group's industrial facilities.

In 2014, Eternit's dividend yield is already at 6.9%, with earnings distributed to shareholders amounting to R$ 53.7 million.

Conference call/Webcast

Date: 08/08/14

Time: 11.00 a.m. Brazilian Local Time – 10.00 a.m. New York3.00 p.m. London

Presentation can be followed on the website link www.ccall.com.br/eternit/2q14.htm  or

by telephone, dial the following telephone number (1-786) 924-6977 - Password: Eternit

IR Team Contact - +55 (11) 31914-3881/3194-3872 [email protected]

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
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
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...
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distribution, versions, network setup, and other details of this environment. This "containerization" has often been nicknamed "the new virtualization." But containers are more than lightweight virtual machines. Beyond their small...
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the ...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. 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. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.