GERDAU S.A. - Consolidated Information
May 04 2017 - 8:19AM
PR Newswire (US)
PORTO ALEGRE, Brazil,
May 4, 2017 /PRNewswire/ -- 1Q17
Highlights
- Consolidated EBITDA of R$ 853
million in 1Q17, with EBITDA margin expansion in relation to
1Q16 and 4Q16.
- Better performance of the Brazil BD in 1Q17 with EBITDA margin
of 14.0%.
- Selling, general and administrative expenses declined by 32%
compared to 1Q16 and by 18% compared to 4Q16.
- Financial leverage measured by the ratio of net debt to EBITDA
remained stable at 3.5 times, accompanied by deleveraging.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3,
GGBR4) informs that it is filling today its 1Q17 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-6-enu.html?idioma=enu
The 1Q17 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-300451499.html
SOURCE Gerdau S.A.
Copyright 2017 PR Newswire
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