Gerdau SA announced Q1 consolidated result

Gerdau SA announced Q1 consolidated result. EBITDA of R$1,484 million in 1Q18, up 74% from 1Q17, with EBITDA margin of 14.3%. Reduction in selling, general and administrative expenses in 1Q18, which corresponded to 4.0% of net sales, compared to 5.2% in 1Q17. Financial leverage measured by net debt/adjusted EBITDA ratio falls to 2.7x as of March 31, 2018. Adjusted net income of R$ 451 million in 1Q18, with dividend distribution of R$136.1 million, equivalent to the amount distributed in the whole of 2017.

Read more at Highlights of the first quarter of 2018.

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