Strong growth in the external market
WEG SA, 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 2012 (2Q12) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to the current Brazilian generally accepted accounting principles, as put forward by the Brazilian applicable laws.
- Net operating revenues in the second quarter of 2012 totaled R$ 1,528.8 million, with 20% growth over 2Q11 and 12% over the last quarter;
- EBITDA was of R$ 260.0 million, with 17% margin and increase of 21% in relation to the previous year and of 25% in relation to the previous quarter;
- Net Income totaled R$ 139.8 million, with net margin of 9.1%. There was decrease of 10% in comparison with 2Q11 and of 6% over 1Q12;
- Investments in fixed assets totaled R$ 114.2 million in the first six months of 2012. In June we announced the acquisition of Stardur (Brazil), in the paints and varnishes segment.