Protecting margins and returns to maintain competitiveness
WEG S.A., 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 of 2016 (4Q16).
- Net operating revenues reached R$ 2,377.3 million in the 4Q16, 13.1% lower than the previous year, but 6.2% higher than the previous quarter;
- EBITDA reached R$ 400.6 million and EBITDA margin reached 16.9%, 2.9 percentage point higher than the 4Q15 and 1.7 percentage point higher than the 3Q16;
- Net Income totaled R$ 323.2 million, 15.8% lower than the 4Q15 and 25.7% higher than the 3Q16. Net margin of 13.6%, 0.4 percentage point lower than the previous year and 2.1 percentage point higher than the previous quarter;
- Investments in capacity expansion and modernization totaled R$ 325.5 million in 2016, 29% in industrial plants in Brazil and 71% in industrial facilities abroad, with the new electric motors industrial plants in Mexico and China being the highlights.