External market continues to grow strongly
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 2012 (3Q12) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to the current Brazilian generally accepted accounting principles, as put forward by the Brazilian applicable laws.
- Net operating revenues in the third quarter of 2012 totaled R$ 1,613.1 million, with 22.4% growth over 3Q11 and 5.5% over the previous quarter;
- EBITDA reached R$ 284.3 million for a 17.6% margin, 16.6% higher than the previous year and 9.3% higher than the previous quarter;
- Net Income totaled R$ 184.8 million, with net margin of 11.5%, with 19.5% growth over 3Q11 and 32.1% over the previous quarter;
- Investments in fixed assets totaled R$ 164.6 million in the first nine months of 2012.