Higher profitability in the first quarter of 2013
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 2013 (1Q13) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to accounting practices adopted in Brazil, including Brazilian Corporate Law and the convergence to IFRS international norms. All growth rates comparisons relate, except when otherwise indicated, to the same period of the previous year.
- Net operating revenues in the first quarter of 2013 reached R$ 1,477.6 million, with 7.9% growth over 1Q12 and decrease of 11.1% over the previous quarter;
- EBITDA reached R$ 248.9 million and EBITDA margin of 16.8% margin. Growth was 25.5% over the previous year and decrease of 14.1% over the previous quarter;
- Net Income totaled R$ 172.3 million, with net margin of 11.7% and 16.2% growth over 1Q12 and decrease of 5.9% over the previous quarter;
- Investments in fixed assets totaled R$ 56.8 million in the first three months of 2013.