Second quarter of 2013 shows growth in profitability
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 second quarter of 2013 (2Q13) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to accounting practices adopted in Brazil, including Brazilian Corporate Law and the convergence to IFRS international norms. All growth rates comparisons relate, except when otherwise indicated, to the same period of the previous year.
- Net operating revenues in the second quarter of 2013 reached R$ 1,699.6 million, with 11.2% growth over 2Q12 and 15.0% over the previous quarter;
- EBITDA reached R$ 312.5 million and EBITDA margin of 18.4% margin. Growth was 23.1% over the previous year and 25.6% over the previous quarter;
- Net Income totaled R$ 205.0 million, with net margin of 12.1% and 46.6% growth over 2Q12 and 19.0% over the previous quarter;
- Investments in fixed assets totaled R$ 118.0 million in the first six months of 2013.