SAO PAULO, Nov. 6, 2014 /PRNewswire/ -- Eternit S.A.
(BM&FBOVESPA:ETER3;OTC:ETNTY) announces its results for the
3Q14.
Demand for construction materials increased slightly in the
third quarter compared to previous quarters, according to data from
the Brazilian Association of Construction Materials Industry
(ABRAMAT) which, however, was not sufficient to recover from the
sharp decline in sales in the first half of the year. Eternit
significantly outperformed the construction materials sector, with
its chrysotile mining segment operating at full capacity, while in
the finished products line, production of fiber-cement and concrete
tiles kept pace with demand.
Chrysotile mineral volume sold in 3Q14 was 71,600 tons,
practically stable (down 1.0%) compared to 3Q13. In the same
period, fiber-cement sales, including construction solutions,
reached 232,800 tons, increasing 7.5% from 3Q13, whereas concrete
roofing tile sales decreased 10.9%, mainly due to the lower demand
in the high-end roofing segment, especially in the B2C
(business-to-consumer) and building companies segments.
Consolidated net revenue in 3Q14 amounted to R$ 250.3 million, virtually stable compared to
3Q13, mostly driven by higher fiber-cement sales volume and price
repositioning in the domestic chrysotile mineral market, which
partially offset the lower sales volume of concrete roofing
tiles.
EBITDA in 3Q14 reached R$ 41.9
million, 15.1% lower than in 3Q13, due to the factors
commented in the section on consolidated net revenue, which
minimized the increase in the cost of goods sold, especially mining
costs. As a result, net income decreased 28.4% from 3Q13 to
R$ 20.3 million in 3Q14.
Investments in 3Q14 totaled R$ 35.0
million, up 59.4% from 3Q13 and primarily went to the
establishment of a unit in the state of Amazonas for the research,
development and production of construction material inputs and to
the maintenance and modernization of the Group's industrial
facilities.
Eternit was elected one of the 150 best companies to work for.
The award reflects the recognition among employees that the Company
is on the right path in its constant pursuit of excellence in
corporate governance, with the focus on professional development
and career advancement and on promoting a safe and pleasant working
environment.
Conference call/Webcast
Date: 11/07/14
Time: 02.00 p.m. Brazilian Local Time
– 11.00 a.m. New York – 04.00
p.m. London
Presentation can be followed on the website link
www.ccall.com.br/eternit/3q14.htm or by telephone, dial the
following telephone number (1-786) 924-6977 -
Password:Eternit
IR Team Contact - +55 (11) 31914-3881/3194-3872
ri@eternit.com.br
