Votorantim - March 2015
Votorantim Industrial generated a turnover 6.9 per cent higher atBRL28,059m (EUR8,660m) while EBITDA rose by 31.9 per cent to BRL7105m (EUR2193m). Votorantim Cimentos contributed 46.5 per cent of the turnover and 50 per cent of EBITDA in 2014, with metals being the second-largest contributor accounting for 32.9 per cent of turnover and 30.7 per cent of EBITDA, while steel and the mining operations in Peru accounting for the remainder. Group capital expenditure was 3.7 per cent higher at BRL2469m (EUR762m), while the net debt was reduced by 1.8 per cent to BRL16,500m (EUR5093m).
