You are here: Home > Steel News > Latest Steel News > Gerdau...

Gerdau sees profit rise 237 percent in Q4 2021

Thursday, 24 February 2022 21:12:49 (GMT+3)   |   Sao Paulo
       

Brazilian integrated steelmaker Gerdau said on Thursday its net profit in Q4 2021 rose 237 percent, year-over-year, to BRL 3.56 billion ($692.8 million).

Gerdau's quarterly net profit was a record result for the company in a Q4, fueled by increased EBITDA. Adjusted EBITDA in Q4 2021 was BRL 5.98 billion ($1.16 billion), 96 percent up, year-over-year. Adjusted EBITDA margin in Q4 2021 rose to 27.8 percent, from 22.4 percent in Q4 2020.

Net revenues in Q4 2021 grew 58 percent, year-over-year, to BRL 21.5 billion ($4.19 billion). Gerdau attributed the stronger revenues to higher steel prices globally and to the contribution of its North American business, along with the US dollar currency, to the company’s results in Brazilian Reais (BRL).

Gerdau’s crude steel output in Q4 2021 fell 3 percent, year-over-year, to 3.2 million mt. Steel sales volumes in Q4 2021 dropped 2 percent, year-over-year, to 3.1 million mt.

USD = BRL 5.14 (February 24)


Similar articles

Gerdau updates CAPEX and EBITDA perspectives

03 Oct | Steel News

Gerdau sees lower net profit and revenues in Q3

07 Nov | Steel News

Gerdau’s net profit declines in Q2

09 Aug | Steel News

Net profit increases in the first quarter at Gerdau

04 May | Steel News

Gerdau’s net profit declines in 2022

01 Mar | Steel News

Gerdau’s net profit declines in the third quarter

09 Nov | Steel News

Gerdau’s net profit increases sharply in Q2

03 Aug | Steel News

CSN, Gerdau and Usiminas to post weaker profits in Q4

13 Jan | Steel News

Gerdau’s profit surges to $1 billion in Q3

27 Oct | Steel News

Gerdau sees profit spike in Q2

04 Aug | Steel News