PORTO ALEGRE, Brazil, Aug. 10, 2016 /PRNewswire/ --

2Q16 Highlights

  • EBITDA and EBITDA margin improved in all business divisions in 2Q16 compared to 1Q16. EBITDA reached R$ 1.2 billion and EBITDA margin reached 11.7%
  • Positive free cash flow of R$ 807 million in 2Q16: higher EBITDA, lower capex and working capital release
  • Gross debt declines R$ 3.0 billion from March to June 2016, with a consequent reduction in the Net Debt/EBITDA ratio to 3.6 times
  • Cash conversion cycle decreased to 71 days, setting a new record for the Company.

Additional Information

Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filing today its 2Q16 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 http://ri.gerdau.com/enu/s-6-enu.html?idioma=enu

The 2Q16 Valuation Guide is also available at Gerdau's website http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu

Investor Relations
inform@gerdau.com.br
51 3323 2703

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-300311770.html

SOURCE Gerdau S.A.

Copyright 2016 PR Newswire

Gerdau (NYSE:GGB)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Gerdau Charts.
Gerdau (NYSE:GGB)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Gerdau Charts.