Growth in a challenging quarter
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 second quarter of 2014 (2Q14).
- Net operating revenues in the second quarter of 2014 reached R$ 1,821.5 million, 7.2% higher than 2Q13 and 2.1% over 1Q14;
- EBITDA reached R$ 311.5 million and EBITDA margin reached 17.1%. EBITDA was stable over the previous year and grew by 4.0% over the previous quarter;
- Net Income totaled R$ 228.0 million, with net margin of 12.5% and growth of 11.2% over 2Q13 and 11.3% over 1Q14;
- Investments in fixed assets totaled R$ 158.3 million in the first six months of 2014.