Votorantim - September 2014

Votorantim Industrial increased its first-half turnover by 9.2 per cent to BRL13,427m (EUR4450m). Of this, Brazil represented 60.9 per cent or BRL8161m, a nine per cent advance. The EBITDA jumped by 25.4 per cent to BRL3011m (EUR998m) and the net attributable income went from a loss of BRL108m to a BRL522m (EUR173m) profit. Capital expenditure in the period was reduced by 21 per cent to BRL976m (EUR324m), while the net debt was reduced by 4.5 per cent to BRL17,093m (EUR5666m).

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