Strong growth in the fourth quarter of 2011
WEG SA, one of the world¿s largest manufacturer of electric-eletronic equipment, with five main product lines: Motors, Power, Transmission and Distribution, Automation and Coatings, announced today its results for the fourth quarter 2011 (4Q11) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to the current Brazilian generally accepted accounting principles, as put forward by the Brazilian applicable laws.
Net operating revenues in the fourth quarter of 2011 totaled R$ 1,468.6 million, with 17% growth over 4Q10 and 11.5% over the last quarter;
EBITDA was of R$ 258.2 million, with 17.6% margin and increase of 15.2% in relation to the previous year and of 5.9% in relation to the previous quarter;
Net Income totaled R$ 156.2 million, with net margin of 10.6%, corresponding to an 10.4% growth in relation to 4Q10 and of 1.1% in relation to 3Q11;
Investments in fixed assets totaled R$ 187,9 million over 2011. In this quarter were announced the acquisition of Electric Machinery (USA), Watt Drive (Austria) and joint venture with Cestari (Brazil) in gearbox.