CSN announces 2Q16 results
Monday, August 15, 2016 5:54:00 PM ET
CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (SID ) announces its results for the second quarter of 2016 (2Q16):
-- R$855 million EBITDA generated, a 17% increase over 1Q16, with 19% EBITDA Margin
-- During June, the EBITDA reached R$320 million, showing a recovery in the domestic steel market and the mining segment
-- Steel Sales of 1,253kt, a slight expansion over 1Q16
-- Increased share of Coated Products, achieving 60% of the flat steel sales
-- Iron Ore Production of 8.5Mt, with Sales of 9.3Mt
-- Delivered Iron Ore Costs of US$28,2/wmt, against US$31,2/wmt in 1Q16 (-10%)
-- Working Capital reduction of R$718 million during 2Q16, with a cash conversion cycle of 77 days, 24 days shorter than 1Q16
The full Earnings Release is available on CSNs IR website at www.csn.com.br/ir.
CSN will be hosting conference call about its 2Q16 Earnings on Tuesday, August 16th, 2016, at 10:00 a.m. (US ET) in Portuguese with simultaneous translation into English. Connection details may be obtained on the Companys IR website.
Investor Relations David Moise SalamaInvestor Relations Executive Officer Phone: +55 11 email@example.com
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SOURCE CSN - Companhia Siderurgica Nacional