Diversification estimulating growth
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 2014 (3Q14).
- Net operating revenues in the third quarter of 2014 reached R$ 2,056.0 million, for 16.9% growth over the 3Q13 and 12.9% growth over the 2Q14;
- EBITDA reached R$ 350.7 million and EBITDA margin reached 17.1%. In relation to the same quarter last year EBITDA grew by 7.3%, while compared to the previous quarter there was growth of 12.6%;
- Net Income totaled R$ 258.6 million, with net margin of 12.6% and growth of 13.0% over the 3Q13 and 13.4% over the 2Q14;
- Investments in fixed assets totaled R$ 290.6 million in the first nine months of 2014.