SÃO PAULO, May 6, 2020
/PRNewswire/ --
1Q20 Highlights
The Ebitda of North America Business Division reached
R$ 425 million on the first quarter
2020, with a margin of 10.7%.
Strong liquidity position at the end of the quarter, with
R$ 6 billion in cash and R$ 2.3 billion in credit lines.
Covid-19 began impacting the performance of the Business
Divisions in the latter half of March, mainly in terms of steel
consumption.
Gerdau already has invested nearly R$ 20
million in the fight against Covid-19.
Additional Information
Gerdau S.A. (NYSE: GGB; B3: GGBR3,
GGBR4) informs that it is filling today its 1Q20
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 1Q20 Valuation Guide is also available at Gerdau's website
https://ri.gerdau.com/en/financial-information/valuation-guide/.
Investor Relations
inform@gerdau.com.br
55 11 3094 6300
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SOURCE Gerdau S.A.