Net Income of R$ 2.9 Billion, Sales Volume of 5.4 Million Tonnes, Net Revenue of R$ 11.4 Billion and EBITDA of R$ 4.9 Billion Are All New Records for CSN
Posted on: Monday, 10 March 2008, 21:00 CDT
SAO PAULO, Brazil, March 10 /PRNewswire-FirstCall/ -- Companhia Siderurgica Nacional CSN (BOVESPA: CSNA3) today its results for the 4Q07,
-- CSN posted a net income of R$ 2.9 billion in 2007, a new annual record and 150% more than in 2006. -- Annual steel product sales volume stood at 5.4 million tonnes, 23% more than in 2006 and also Company record. In the 4Q07 alone, sales volume totaled 1.4 million tonnes, 18% up year-on-year. -- Net revenue reached an impressive R$ 11.4 billion in 2007, 27% more than in 2006 and yet another record. -- Annual EBITDA stood at R$ 4.9 billion, 54% up on the year before 2006. Once again, this was CSN's highest ever EBITDA figure. -- CSN's shares recorded annual appreciation of 157%, the highest upside of all the companies making up the Ibovespa Index. Its ADRs recorded an even more substantial upturn of 216%, the highest figure among all the Latin American firms traded on the NYSE. -- Annual crude steel production totaled more than 5.3 million tonnes, 52% up on 2006. -- In 2007, the Company and its subsidiary NAMISA produced and acquired from third parties more than 21 million tonnes of iron ore. Iron ore sales totaled 10.5 million tonnes in Brazil and abroad (in addition to the 7.1 million tonnes consumed internally by the Presidente Vargas Steelworks). -- The net debt/EBITDA ratio, based on EBITDA in the last 12 months, continued to decline, falling from 1.74x in December 2006, to 0.99x at the close of 2007. In monetary terms, the net debt fell by 28%, from R$ 6.7 billion to R$ 4.8 billion. CONTACT: Gustavo Morozini 55 11 35293551 gusmorozini@gmail.com
Companhia Siderurgica Nacional
CONTACT: Gustavo Morozini of Companhia Siderurgica Nacional,+55-11-35293551, gusmorozini@gmail.com
Source: PRNewswire-FirstCall
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