Profitability expansion is the highlight of third quarter of 2013
WEG S.A., 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 third quarter of 2013 (3Q13).
- Net operating revenues in the third quarter of 2013 reached R$ 1,758.4 million, with 9.0% growth over 3Q12 and 3.5% over the previous quarter;
- EBITDA reached R$ 326.9 million and EBITDA margin of 18.6% margin. Growth was 19.0% over the previous year and 4.6% over the previous quarter;
- Net Income totaled R$ 228.8 million, with net margin of 13.0% and 23.8% growth over 3Q12 and 11.6% over the previous quarter;
- Investments in fixed assets totaled R$ 182.0 million in the first nine months of 2013.