Gerdau S.A. -- Consolidated Information
November 05 2009 - 8:26AM
PR Newswire (US)
RIO GRANDE DO SUL, Brazil, Nov. 5 /PRNewswire-FirstCall/ -- Gerdau
S.A. (NYSE:GGB) announces consolidated information for the third
quarter of 2009. 3rd quarter of 2009 Highlights Sales reached 3.9
million tonnes in the 3rd quarter of 2009, 15% higher than in the
2nd quarter of 2009, reflecting the recovery in the main sectors
that consume the Company's products. Net Revenue reached R$ 6.8
billion in the 3rd quarter of 2009, 6% higher than in the previous
quarter. 3rd quarter of 2009 EBITDA reached R$ 1.4 billion, more
than double the amount in the 2nd quarter of 2009. The EBITDA
margin increased to 20.2% in the 3rd quarter of 2009 from 9.3% in
the 2nd quarter. Net Income was R$ 655 million in the 3rd quarter
of 2009, compared to a net loss of R$ 329 million in the 2nd
quarter, reflecting the recovery in the Company's operating margins
in the period. Investments in fixed assets totaled R$ 232 million
in the 3rd quarter of 2009. Gross Debt was R$ 16.1 billion in
September of 2009, reduction of R$ 2.8 billion if compared to June
of 2009, due to amortizations and the foreign exchange variation in
the period. The Company approved a payment of R$ 106.5 million in
dividends, in the form of interest on capital, for Gerdau S.A.
shareholders and R$ 67.1 million for Metalurgica Gerdau S.A.
shareholders, based on the results of the first nine months of
2009. Additional Information Gerdau S.A. informs that it has filed
today its 3rd quarter of 2009 results at the Securities and
Exchange Commission (SEC) and at the Comissao de Valores
Mobiliarios (CVM). To access this document, please click on
http://www.gerdau.com/investidores/informacoes-financeiras-arquivos-cvm.aspx?l
anguage=en-US This document and the 3rd quarter of 2009
complementary data regarding are also available at Gerdau's site
http://www.gerdau.com/investidores/Default.aspx?language=en-US
Contact: Carina Klaein Castro 5551-3323-2703 DATASOURCE: Gerdau
S.A. CONTACT: Carina Klaein Castro for Gerdau S.A., 5551-3323-2703
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