High growth at the start of 2014
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 first quarter of 2014 (1Q14).
- Net operating revenues in the first quarter of 2014 reached R$ 1,783.5 million, 20.7% higher than 1Q13 and 5.8% below 4Q13;
- EBITDA reached R$ 299.6 million and EBITDA margin reached 16.8%. EBITDA grew by 20.4% over the previous year and fell by 12.3% over the previous quarter;
- Net Income totaled R$ 204.9 million, with net margin of 11.5% and growth of 18.9% over 1Q13 and decrease of 13.7% over 4Q13;
- Investments in fixed assets totaled R$ 64.3 million in the first three months of 2014.