Gerdau S.A. - Consolidated Information
August 10 2016 - 9:41AM
PR Newswire (US)
PORTO ALEGRE, Brazil,
Aug. 10, 2016 /PRNewswire/ --
2Q16 Highlights
- EBITDA and EBITDA margin improved in all business divisions in
2Q16 compared to 1Q16. EBITDA reached R$ 1.2
billion and EBITDA margin reached 11.7%
- Positive free cash flow of R$ 807
million in 2Q16: higher EBITDA, lower capex and working
capital release
- Gross debt declines R$ 3.0
billion from March to June
2016, with a consequent reduction in the Net Debt/EBITDA
ratio to 3.6 times
- Cash conversion cycle decreased to 71 days, setting a new
record for the Company.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3,
GGBR4) informs that it is filing today its 2Q16 results at the
Securities and Exchange Commission (SEC) and at the Comissão de
Valores Mobiliários (CVM), which are available at Gerdau's website.
To access this document, please click on
http://ri.gerdau.com/enu/s-6-enu.html?idioma=enu
The 2Q16 Valuation Guide is also available at Gerdau's website
http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
Investor Relations
inform@gerdau.com.br
51 3323 2703
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-300311770.html
SOURCE Gerdau S.A.
Copyright 2016 PR Newswire
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