Strong growth at the beginning of 2012
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 first quarter of 2012 (1Q12) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to the current Brazilian generally accepted accounting principles, as put forward by the Brazilian applicable laws.
- Net operating revenues in the first quarter of 2012 totaled R$ 1,369.8 million, with 22% growth over 1Q11 and decrease of 7% over the last quarter;
- EBITDA was of R$ 208.6 million, with 15.2% margin and increase of 27% in relation to the previous year and decrease of 19% in relation to the previous quarter;
- Net Income totaled R$ 148.2 million, with net margin of 10.8%, corresponding to an 22% growth in relation to 1Q11 and decrease of 5% in relation to 4Q11;
- Investments in fixed assets totaled R$ 58.7 million in the first three months of 2012.