Gerdau S.A. - Consolidated Information

Rhea-AI Summary

Gerdau S.A. (NYSE: GGB) reported a record consolidated EBITDA of R$ 4.3 billion for 1Q21, reflecting a margin of 26.4%. This performance marks the highest EBITDA for any quarter in the company's history. Additionally, the net debt/EBITDA ratio significantly improved from 2.55x in 1Q20 to 0.96x in 1Q21, the lowest level in 14 years. Gerdau's carbon intensity for 2020 was 0.93 ton CO2e per ton of steel, below the global average of 1.83 ton CO2e. Comprehensive financial results are available on Gerdau's website.

Positive

• Record EBITDA of R$ 4.3 billion in 1Q21, highest for any quarter.
• EBITDA margin increased to 26.4%.
• Net debt/EBITDA ratio decreased to 0.96x, lowest in 14 years.
• Carbon intensity of 0.93 ton CO2e per ton of steel produced, below global average.

Negative

• None.

SÃO PAULO, May 5, 2021 /PRNewswire/ -- Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) -- The consolidated EBITDA amounted R$ 4.3 billion in 1Q21, highest level ever for a quarter, with a margin of 26.4%.

The net debt/EBITDA ratio decreased from 2.55x in the 1Q20 to 0.96x in the 1Q21, lowest level in 14 years.

In 2020, the carbon intensity was 0.93 ton of CO₂e per ton of steel produced. This total is lower than the global average disclosed by the World Steel Association, at 1.83 ton of CO₂e per ton of steel produced.

Additional Information

Gerdau S.A. informs that it is filling today its 1Q21 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 https://ri.gerdau.com/en/notices-and-results/results-center/.

The 1Q21 Valuation Guide is also available at Gerdau's website. 
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

 

View original content:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301284499.html

SOURCE Gerdau S.A.

FAQ

What was Gerdau's EBITDA for 1Q21?

Gerdau reported a record EBITDA of R$ 4.3 billion for 1Q21.

How has Gerdau's net debt/EBITDA ratio changed from 1Q20 to 1Q21?

The net debt/EBITDA ratio decreased from 2.55x in 1Q20 to 0.96x in 1Q21.

What was Gerdau's carbon intensity in 2020 compared to the global average?

Gerdau's carbon intensity was 0.93 ton CO2e per ton of steel, lower than the global average of 1.83 ton CO2e.

Where can I find Gerdau's 1Q21 financial results?

Gerdau's 1Q21 financial results are available on their official website.