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Article: Gerdau S.A. Back with a Bang - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 5, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Gerdau S.A. Back with a Bang - Analyst Blog
Today,
Gerdau S.A.
(
GGB
) announced consolidated results for the third quarter of 2009. The company did not provide comparable year-on-year figures in a securities filing.
Sales reached 3.9 million tons in the quarter, 15% higher than in the second 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.
Third quarter 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 ...