Gerdau S.A. - Consolidated Information

Rhea-AI Summary

Gerdau S.A. reported record consolidated EBITDA of R$ 5.9 billion in 2Q21, achieving a margin of 30.8%. The net debt/EBITDA ratio improved significantly from 2.78x in 2Q20 to 0.65x, the lowest in 14 years. The company also announced a joint venture with Shell to develop a 190MW solar energy project in Brasilândia de Minas, aimed at enhancing energy self-sufficiency in steel production. These achievements underscore Gerdau's strong financial health and commitment to renewable energy initiatives.

Positive

• Record consolidated EBITDA of R$ 5.9 billion in 2Q21.
• EBITDA margin of 30.8%, the highest ever for a quarter.
• Significant improvement in net debt/EBITDA ratio to 0.65x, the lowest in 14 years.
• Joint venture with Shell for a 190MW solar energy project supporting steel production.

Negative

• None.

2Q21 Highlights

SÃO PAULO, Aug. 4, 2021 /PRNewswire/ -- Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) -- The consolidated EBITDA amounted R$ 5.9 billion in 2Q21, highest level ever for a quarter, with a margin of 30.8%.

The net debt/EBITDA ratio decreased from 2.78x in the 2Q20 to 0.65x in the 2Q21, lowest level in 14 years.

Gerdau, in partnership with Shell, announced a future solar energy joint venture in the city of Brasilândia de Minas (MG). With a capacity of 190MW, the Aquarii park will also supply part of the clean energy to the company's steel production units, in line with the quest for energy self-sufficiency and the strategy of entering the renewable energy generation segment.

Additional Information

Gerdau S.A. informs that it is filling today its 2Q21 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 2Q21 Valuation Guide is also available at Gerdau's website. 
https://ri.gerdau.com/en/financial-information/valuation-guide/ 

 

View original content:https://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301348208.html

SOURCE Gerdau S.A.

FAQ

What were Gerdau's EBITDA figures for 2Q21?

Gerdau reported a consolidated EBITDA of R$ 5.9 billion in 2Q21.

How did Gerdau's net debt/EBITDA ratio change in 2Q21?

The net debt/EBITDA ratio improved from 2.78x in 2Q20 to 0.65x in 2Q21.

What is Gerdau's joint venture with Shell regarding?

Gerdau's joint venture with Shell involves a 190MW solar energy project aimed at supporting its steel production.

What is the EBITDA margin for Gerdau in 2Q21?

Gerdau achieved an EBITDA margin of 30.8% in 2Q21.

Where can I find Gerdau's 2Q21 financial results?

Gerdau's 2Q21 financial results are available on their website and were filed with the SEC and CVM.