RIO GRANDE DO SUL, Brazil, Aug. 6 /PRNewswire-FirstCall/ -- Gerdau S.A.
(NYSE: GGB) announces consolidated results for the second quarter of 2009.
2nd quarter of 2009 Highlights
- Crude Steel production increased 22% in the second quarter compared to
the first quarter of 2009, reaching 3.1 million tonnes.
- Sales totaled 3.4 million tonnes in the second quarter of 2009, 10%
higher than in the previous quarter.
- Net Revenue reached R$ 6.4 billion in the second quarter of 2009.
- Second quarter of 2009 EBITDA reached R$ 595 million, at the same level
of the previous quarter. The EBITDA margin increased to 9.3% in the second
quarter of 2009 from 8.6% in the first quarter.
- Net Loss was R$ 329 million in the second quarter of 2009. Excluding
non-recurring effects, Net Income was R$ 467 million.
- Investment in fixed assets totaled US$ 149 million in the second quarter
of 2009.
- Cash totaled R$ 6.3 billion in June 2009, increasing by R$ 772 million
in the first half of 2009.
Additional Information
Gerdau S.A. informs that it has filed today its second quarter of 2009
results with the Securities and Exchange Commission (SEC) and Comissao de
Valores Mobiliarios (CVM). To access this document, please click on
http://www.gerdau.com/investidores/informacoes-financeiras-arquivos-
cvm.aspx?language=en-US
This document and the 2nd quarter of 2009 complementary data are also
available at Gerdau's site
http://www.gerdau.com/investidores/Default.aspx?language=en-US
Contact:
Carina Klaein Castro
5551-3323-2703
SOURCE Gerdau S.A.
