The industrial recovery cycle continues
WEG S.A., one of the world's largest manufacturers of electric-eletronic equipment, announced today its results for the third quarter of 2017 (3Q17).
- Net operating revenues were R$ 2,435.1 million in 3Q17, an 8.8% increase from 3Q16 and a 6.8% increase from 2Q17. Adjusted for the CG Power USA acquisition, currently WEG Transformers USA, revenues showed increases of 6.0% over the 3Q16 and of 4.1% over the 2Q17;
- EBITDA reached R$ 388.4 million and EBITDA margin reached 16.0%, a 0.9 percentage point increase from 3Q16 and a 0.2 percentage point decrease from 2Q17;
- Net Income totaled R$ 312.0 million, a 21.4% increase from 3Q16 and a 14.6% increase from 2Q17. Net margin of 12.8% represented a 1.3 percentage point increase from 3Q16 and a 0.9 percentage point increase from 2Q17;
- Investments in capacity expansion and modernization totaled R$ 190.8 million until the end of September 2017, 42% in industrial plants in Brazil and 58% in industrial facilities abroad.