SAO PAULO, Aug. 8, 2013 /PRNewswire/ -- Eternit S.A.
(BM&FBOVESPA:ETER3; OTC:ETNTY) today announces its results for
the 2Q13.
Demand for construction materials showed a slightly increase
during the 2Q13, according to the Brazilian Construction Materials
Industry Association. However, Eternit outperformed the
construction materials sector, despite the fact that the second
quarter of the year is seasonally the period of lowest demand for
the Company.
Chrysotile mineral sales volumes saw an increase of 6.7% in
2Q13, compared to 2Q12, due to increased demand for roofing
materials in the domestic market and the recovery in the inventory
levels of its clients. Over the same period, fiber-cement sales
volume were up 8.6%, while concrete tile sales showed an increase
of 6.8%, as a result of as a result of Tegula's new strategy of
also making its products available through construction materials
stores.
Consolidated net revenue in 2Q13, amounted to R$ 241.5 million, up 14.4% compared to 2Q12, due
to a satisfactory sales policy, and consequently higher sales
volumes. Despite the fact that the Cost of Goods Sold increased
more than net revenue, EBITDA came to a total of R$ 47.6 million, an increase of 21.3% compared to
2Q12, as consequence of better control over operational
expenses.
Net earnings amounted to R$ 27.1
million in 2Q13, up 0.5% compared to 2Q12, as a result of
the negative net financial result and expenses associated with
setting up the bathroom chinaware plant in the state of Ceara.
Total investment amounted to R$ 30.5
million, 94.5% more than that in 2Q12, which were allocated,
in the main, to construction of the bathroom chinaware plant, the
setting up of the unit for research, development and production of
construction material inputs in the state of Amazonas and the
updating of the Group's industrial park.
In 2013, Eternit's dividend yield amounted to 7.4%, with
R$ 53.7 million being distributed to
shareholders and a payout of 74%.
Conference call with Webcast (in Portuguese-simultaneous
translation to English)
Presentation: Elio Martins - CEO
and IR Director
Date: August 09, 2013
Time: 11.00 A.M. Brazilian Local Time
– 10.00 A.M. New York – 3.00 P.M.
London
Presentation can be followed on the website link
www.ccall.com.br/eternit/2q13.htm or
www.eternit.com.br/ir
To follow the presentation by telephone, please dial the
following telephone numbers: (55-11) 4688-6361 for
Brazil and (1-786) 924-6977
for other countries - Password:Eternit
Contact: ri@eternit.com.br
Tel.: 55-11-3194-3881
SOURCE Eternit S.A.
