SÃO PAULO, Oct. 28, 2020
/PRNewswire/ -- Gerdau S.A. (NYSE: GGB, BM&Fbovespa:
GGBR3, GGBR4) -- The consolidated EBITDA increased 46% in the
third quarter compared to 3Q19 and amounted R$2.1 billion.
In 3Q20, the net profit totaled R$795
million, up 95% compared to third quarter of 2019.
The net debt LTM EBITDA ratio decreased to 2,1x in the end of
September, from 2,8x in the end of previous quarter.
Adherence to the B Movement Builders initiative, coalition
launched by B Lab, unifying publicly held companies which aim to
transform the global economy, in order to create value in the long
term for all its stakeholders.
Additional Information
Gerdau S.A. informs that it is
filling today its 3Q20 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
https://ri.gerdau.com/en/notices-and-results/results-center/
The 3Q20 Valuation Guide is also available at Gerdau's
website
https://ri.gerdau.com/en/financial-information/valuation-guide/
View original
content:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301161815.html
SOURCE Gerdau S.A.