Gerdau S.A. - Consolidated Information
May 09 2018 - 8:21AM
PR Newswire (US)
SAO PAULO, May 9, 2018 /PRNewswire/ -- 1Q18
Highlights
- EBITDA of R$1,5 million in 1Q18,
up 74% from 1Q17, with EBITDA margin of 14.3%
- Reduction in selling, general and administrative expenses in
1Q18, which corresponded to 4.0% of net sales, compared to 5.2% in
1Q17.
- Financial leverage measured by net debt/adjusted EBITDA ratio
falls to 2.7x as of March 31,
2018.
- Adjusted net income of R$ 451
million in 1Q18, with dividend distribution of R$136.1 million, equivalent to the amount
distributed in the whole of 2017.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3,
GGBR4) informs that it is filling today its 1Q18 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 1Q18 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
55 11 3094 6300
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SOURCE Gerdau S.A.
Copyright 2018 PR Newswire
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