PORTO ALEGRE, Brazil, Aug. 8 /CNW/ -- Gerdau announces 2007 first half
Output of crude steel reaches 8.3 million metric tons in the 1st half,
8.2% more than the volume produced in 2006.
Gross sales revenue reaches R$ 15.3 billion (US$ 8.0 billion) in the
first six months of 2007, 13.7% more than the same period 2006. Of this
amount, 64.1% consists of exports and sales by overseas companies.
Exports from the Brazilian units contributed US$ 645.4 million to gross
sales revenue in the 1st half of 2007.
Net profit reaches R$ 1.7 billion (US$ 0.9 billion) in the first six
months of 2007, 4.6% less than the same period for 2006. The net margin was
Operating cash generation (EBITDA) reported an accumulated R$ 2.8 billion
(US$ 1.5 billion) in the 1st half of 2007, 8.4% higher than the 1st half of
2006. EBITDA margin was 21.2%.
Second quarter dividends will be paid on August 29. Shareholders of
Metalurgica Gerdau S.A. will receive R$ 0.49 (US$ 0.25) per share and Gerdau
S.A. R$ 0.29 (US$ 0.15) per share.
The acquisitions announced this year represent an expansion of Gerdau's
business to four more countries, the company's footprint now extending to
Gerdau's internal control structure receives full compliance
certification under section 404 of the Sarbanes-Oxley Act (SOX).
Fitch and Standard & Poor's rating agencies raised their risk
classification for Gerdau to Investment Grade for the issue of foreign
Gerdau signs agreements for new labor contracts with the United
Steelworkers - USW at various North American units.
This year, Gerdau commemorates 60 years as a participant in the capital
markets and uninterrupted payment of dividends to its shareholders.
Gerdau S.A. informs that it has filed today its 1st half and 2nd quarter
2007 results at the Securities and Exchange Commission (SEC) and at the
Comissao de Valores Mobiliarios (CVM). To access this document, please click
s_relevantes (please copy and paste into browser to access the site)
This document and the complementary data regarding the 1st half and 2nd
quarter 2007 are also available at Gerdau's site www.gerdau.com.br/ing/ri.
Gerdau provides all shareholders, upon request and at no cost, a hard
copy of the 1st half and 2nd quarter 2007 results.
For further information:
For further information: Osvaldo Schirmer, Gerdau, +011-5551-33232703,
firstname.lastname@example.org Web Site: http://www.gerdau.com.br