Votorantim announces its consolidated results for 2013. The highlights from a comparison with 2012 were an expansion of 174% in Net Income to R$ 238 million, an increase of 19% in EBITDA to R$ 5.4 billion and a rise of 14% in Net Revenues to R$ 26.3 billion.
The earnings were also presented to the financial community at the 10th edition of the Meeting with the Market event held in São Paulo and will also be presented in New York on March 14 at the Votorantim Day event.
The performance in 2013 reflects the Group´s disciplined management, efficiency and operating stability, cost control and well defined commercial strategies. “Our businesses presented solid, consistent results, marked by higher revenues and EBITDA in all segments, even in the face of the uncertainties that continue to surround the markets,” said João Miranda, CEO of Votorantim Industrial.
“It should be stressed that this performance is the result of the commitment and pledge by the whole team. For this reason, we are convinced that the excellence in execution, the management´s handling of operations, innovation and discipline in terms of investments will remain the key factors in confronting the challenges of 2014,” he added.
Click here to access the Management Report and Financial Statements that were published.