Fourth quarter confirms growth and 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 fourth quarter of 2012 (4Q12) . The following financial and operating data are presented in a consolidated basis, except when otherwise indicated, in thousands of Brazilian Reais (R$) according to accounting practices adopted in Brazil, including Brazilian Corporate Law and the convergence to IFRS international norms. All growth rates comparisons relate, except when otherwise indicated, to the same period of the previous year.
- Net operating revenues in the fourth quarter of 2012 reached R$ 1,662.3 million, with 13% growth over 4Q11 and 3% over the previous quarter;
- EBITDA reached R$ 300.6 million and EBITDA margin of 18.1% margin. Growth was 16% over the previous year and of 6% over the previous quarter;
- Net Income totaled R$ 183.2 million, with net margin of 11% and 17% growth over 4Q11 and decrease of 1% over the previous quarter;
- Investments in fixed assets totaled R$ 238.4 million over 2012.