| CSN announces 4Q14 and 2014 results | |
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SAO PAULO, March 12, 2015 /PRNewswire/ -- CSN – Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (SID) announces its results for the fourth quarter (4Q14) and the full year of 2014: - Fourth-quarter adjusted EBITDA amounted to R$1.0 billion, 3% higher than in 3Q14, largely due to the steel segment, while the adjusted EBITDA margin widened by 2 p.p. to 25% in the same period.
- Steel segment EBITDA totaled R$723 million in 4Q14, a 10% quarter-on-quarter improvement, with an EBITDA margin of 27%, 3 p.p. higher than in 3Q14;
- In 2014, adjusted steel segment EBITDA came to R$2.9 billion, 20% up on the year before, accompanied by an adjusted EBITDA margin of 26%, growth of 6 p.p. over 2013;
- Annual iron ore sales volume totaled 29 million tonnes, 13% more than in the previous year, while iron ore shipped through Tecar reached a record 33 million tonnes, 14% up in the same period;
- Cement sales volume amounted to 2.2 million tonnes in 2014, 7% higher than the previous year, generating net revenue of R$440 million, both record figures. Adjusted EBITDA of R$116 million and the adjusted EBITDA margin of 26% were also records.
The full Earnings Release is available on CSN's IR website at www.csn.com.br/ir. CSN will be hosting conference call about its 4Q14 and 2014 Earnings on Thursday, March 12th, 2015, at 10:00 a.m. (US ET) in Portuguese with simultaneous translation into English. Connection details may be obtained on the Company's IR website. Investor Relations David SalamaInvestor Relations Executive Officer Phone: +55 11 3049-7588 david.salama@csn.com.br To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/csn-announces-4q14-and-2014-results-300049603.html
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Companhia Siderurgica Nacional
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CODE : SID |
ISIN : US20440W1053 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Companhia Siderurgica is a development stage company based in Brazil. Companhia Siderurgica is listed in United States of America. Its market capitalisation is US$ 3.0 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on October 11, 2002 at US$ 0.70, and its highest recent level on December 01, 2006 at US$ 9.98. Companhia Siderurgica has 1 387 520 000 shares outstanding. |