SAO PAULO, Nov. 7, 2013 /PRNewswire/ -- Eternit S.A. (BM&FBOVESPA: ETER3; OTC: ETNTY) today announces its results for the 3Q13.
Eternit ended the 3Q13 with a performance well above that of the rest of the construction materials sector, operating at full capacity in its chrysotile mining operations, at around 90% in its fiber-cement operation and approximately 60% in its concrete tile business.
Chrysotile sales volume amounted to 72,400 tons in 3Q13, compared to 73,700 tons in 3Q12, practically unchanged comparing the two quarters. In the same period, fiber-cement sales volume was up 7.2%, while the sales volume for concrete tiles was down by 9.9% as a result of lower demand in the top end of the roofing segment.
Consolidated net sales in 3Q13 amounted to R$ 251.3 million, up 9.4% compared to 3Q12 due to an increase in sales volume of fiber-cement and bathroom chinaware products, a satisfaction sales policy and appreciation in the US dollar against the Brazilian real.
EBITDA in 3Q13 totalled R$ 49.3 million, up 8.9% compared to 3Q12, as a result of the positive contribution of gross profit, despite the increase in operational expenses, principally expenses associated with the setting up of the bathroom chinaware plant, in the state of Ceara. As a consequence, net earnings came to a total of R$ 28.4 million in 3Q13, up 4.7% compared to 3Q12.
The Company continued its Plan for the Expansion and Diversification of its portfolio, with products from floor-to-ceiling for the next 70 years, allocating additional investment. Investments in 9M13 totalled R$ 70.2 million, up 59.4% compared to 9M12. The majority of these funds were allocated to the construction of the bathroom chinaware plant, the setting up of a research, development and production unit for construction material inputs in the state of Amazonia and the updating of the Group's industrial park.
Conference call/Webcast (in Portuguese-simultaneous translation to English)
Presentation: Nelson Pazikas - CEO and IR Director and Rodrigo Lopes da Luz – IR Manager
Time: 2.00 p.m. Brazilian Local Time – 11.00 a.m. New York – 4.00 p.m. London
To follow the presentation by telephone, dial the following telephone numbers: +(55-11)-4688-6361 for Brazil and +1-786-924-6977 for other countries - Password: Eternit.
IR Team Contact - +55-(11)-3038-3818 / 3194-3881 / email@example.com
SOURCE Eternit S.A.