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CSN Posts Net Revenue Of R$4.4 Billion And Adjusted EBITDA Margin Of 30% In 1Q14

Stocks in this article: SID

SAO PAULO, May 7, 2014 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 1Q14:

  • Net revenue totaled R$4.4 billion in 1Q14, 20% up on 1Q13;
  • Gross profit came to R$1.3 billion, 69% more than in 1Q13;
  • Adjusted EBITDA amounted to R$1.4 billion, a 60% improvement over the R$0.9 billion recorded in 1Q13, with an adjusted EBITDA margin of 30%, up by 8 p.p. in the same period;
  • Adjusted EBITDA from the steel segment totaled R$761 million in 1Q14, 44% higher than in the same quarter last year.
  • CSN closed 1Q14 with cash and cash equivalents of R$12.9 billion.
  • The Net Debt/EBITDA ratio ended the quarter at 2.66x, 0.25x less than at the end of 2013.

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 1Q14 Earnings on WEDNESDAY, May 7 th, 2014, 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 Salama

Investor Relations Executive Officer Phone: +55 11 3049-7588 david.salama@csn.com.br

SOURCE CSN - Companhia Siderúrgica Nacional.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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