Skip to main content

Market Overview

Gerdau S.A. - Consolidated Information

Share:

SÃO PAULO, Oct. 28, 2020 /PRNewswire/ -- Gerdau S.A. (NYSE:GGB, BM&amp, Fbovespa: GGBR3, GGBR4)) -- The consolidated EBITDA increased 46% in the third quarter compared to 3Q19 and amounted R$2.1 billion.

In 3Q20, the net profit totaled R$795 million, up 95% compared to third quarter of 2019.

The net debt LTM EBITDA ratio decreased to 2,1x in the end of September, from 2,8x in the end of previous quarter.

Adherence to the B Movement Builders initiative, coalition launched by B Lab, unifying publicly held companies which aim to transform the global economy, in order to create value in the long term for all its stakeholders.

Additional Information
Gerdau S.A. informs that it is filling today its 3Q20 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 3Q20 Valuation Guide is also available at Gerdau's website
https://ri.gerdau.com/en/financial-information/valuation-guide/

Cision View original content:http://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-301161815.html

SOURCE Gerdau S.A.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com