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.
See WEG 2Q 2012 results in further detail:
Earnings Release 2Q12 (pdf – 281KB)
ITR Form (Free Translation into English) (pdf – 267KB)
Conference Call Presentation (pdf – 228KB)
Conference Call Transcript (pdf – 182KB)
Conference call – Audio (mp3)