Focusing on margins and returns in a slow recovery environment
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 third quarter of 2016 (3Q16).
- Net operating revenues reached R$ 2,238.1 million in the 3Q16, 12.1% lower than the previous year and 4.2% lower than the previous quarter;
- EBITDA reached R$ 338.1 million and EBITDA margin reached 15.1%, 0.4 percentage point lower than the 3Q15 and 1.1 percentage point higher than the 2Q16;
- Net Income totaled R$ 257.0 million, 3.2% lower than the 3Q15 and 0.8% higher than the 2Q16. Net margin of 11.5%, 1.1 percentage point higher than the previous year and 0.6 percentage point higher than the previous quarter;
- Investments in capacity expansion and modernization totaled R$ 243.0 million until the end of September 2016, 28% in industrial plants in Brazil and 72% in industrial facilities abroad, with the new electric motors industrial plants in Mexico and China being the highlights.