GGB » Topics » Net Sales

This excerpt taken from the GGB 20-F filed Jul 21, 2009.

Net Sales

 

Consolidated net sales stood at R$ 30,613.5 million in 2007, 18.3% higher than in 2006. The increase in net sales was due to higher demand in the steel market, mainly in Brazil, and the consolidation of companies acquired in 2007 and 2006, primarily the Chaparral acquisition. The Company’s consolidated shipments in 2007 totaled 17.2 million tonnes, an increase of 15.2% versus 2006. Excluding the acquisitions completed in the period under comparison, sales increased by 3.6%. Total net sales per tonne in 2007 was R$ 1,784.1/tonne, a 2.6% increase from R$ 1,738.5/tonne in 2006.

 

This excerpt taken from the GGB 20-F filed Jul 15, 2009.

Net Sales

 

Consolidated net sales stood at R$ 30,613.5 million in 2007, 18.3% higher than in 2006. The increase in net sales was due to higher demand in the steel market, mainly in Brazil, and the consolidation of companies acquired in 2007 and 2006, primarily the Chaparral acquisition. The Company’s consolidated shipments in 2007 totaled 17.2 million tonnes, an increase of 15.2% versus 2006. Excluding the acquisitions completed in the period under comparison, sales increased by 3.6%. Total net sales per tonne in 2007 was R$ 1,784.1/tonne, a 2.6% increase from R$ 1,738.5/tonne in 2006.

 

This excerpt taken from the GGB 20-F filed Apr 11, 2008.

Net Sales

 

The Company’s net sales were $11,844.2 million in 2006, 33.2% more than 2005 ($8,894.4 million). Of this amount, 45.2% ($5,354.2 million) came from operations in Brazil, 37.7% ($4,464.2 million) from the North American units, 9.1% ($1,073.1 million) from the South American companies (ex-Brazil) and 8.0% from the European operations. This performance reflects the improvements in the several operations in the different regions in which the Company is present as well as to the consolidation of units acquired in the last two years. Net sales of companies acquired in 2006 contributed an increase of 23.3%, or $2,076.3 million, in net sales, the most significant being the acquisition of Corporación Sidenor.

 

55



 

Gerdau S.A. Consolidated
Net Sales by Geographical Region from which Shipment was originated
($ millions)

 

2006

 

2005

 

Variation
2006/2005

 

 

 

 

 

 

 

 

 

Brazil

 

5,354.2

 

4,483.9

 

19.4

%

North America

 

4,464.2

 

3,897.1

 

14.6

%

South America (ex-Brazil)

 

1,073.1

 

513.4

 

109.0

%

Europe

 

952.7

 

 

 

Consolidated Total

 

11,844.2

 

8,894.4

 

33.2

%

 

The average net price of steel in 2006 was $795.5/tonne, a 15.0% increase from $691.6/tonne in 2005.

 

This excerpt taken from the GGB 6-K filed Apr 11, 2008.
Net Sales.  The Company sells products to a highly diversified customer base representing various steel consuming markets.  A significant portion of the Company’s sales are to steel service centers, fabricators and processors.  These customers typically act as intermediaries between steel producers and various end-user manufacturers that require further processing or inventory programs.  The Company recognizes revenue when the goods are shipped and title and risk of loss transfer to the customer (FOB shipping point).  The Company includes delivery fees in the amount it bills customers to the extent needed to recover the Company’s cost of freight and delivery.  Net sales from other products were generated from the Company’s metals separation operation.

 

The following table summarizes the Company’s net sales by product line (in thousands):

 

 

 

Three months ended

 

 

 

August 31,

 

 

 

2007

 

2006

 

 

 

 

 

 

 

Net sales

 

 

 

 

 

Structural mills

 

$

378,457

 

$

313,589

 

Bar mill

 

59,138

 

58,036

 

Other products

 

14,141

 

16,036

 

Delivery fees

 

24,712

 

22,988

 

 

 

$

476,448

 

$

410,649

 

 

This excerpt taken from the GGB 20-F filed May 31, 2007.

Net Sales

Net sales were $6,952.1 million in 2004, 53.4% more than 2003 ($4,531.0 million).  Of this amount, 52.1% ($3,623.0 million) came from operations in Brazil, 43.3% ($3,009.9 million) from the North American units, and 4.6% ($319.2 million) from Chile and Uruguay.  This increase was driven by a better performance from operations outside Brazil, an increase in international market prices and a recovery in domestic demand, in addition to the consolidation of the North Star assets acquired in November 2004.

Gerdau S.A. Consolidated

 

 

 

 

 

 

 

Net Sales

 

 

 

 

 

Variation

 

($ millions)

 

2004

 

2003

 

2004/2003

 

 

 

 

 

 

 

 

 

Brazil

 

3,623.0

 

2,597.8

 

39.5

%

North America

 

3,009.9

 

1,811.2

 

66.2

%

South America (ex-Brazil)

 

319.2

 

122.0

 

161.6

%

Consolidated Total

 

6,952.1

 

4,531.0

 

53.4

%

 

The average net price of steel in 2004 was $585.5/ton, a 48.0% increase from $395.6/ton in 2003.

This excerpt taken from the GGB 20-F filed Jun 19, 2006.

Net Sales

Net sales in 2003 amounted to $4,531.0 million, representing an increase of 38.8% relative to 2002 ($3,264.9 million), mainly due to increased export volume, with export revenues of $787.3 million (125.0% higher than in 2002), the acquisition of the nine North American units of Co-Steel in October 2002, and the utilization of full installed capacity of its Brazilian operations.

Gerdau S.A. Consolidated
Net Sales
($ millions)

 

 

 

2003

 

2002

 

Variation
2003/2002

 

Brazil

 

2,597.8

 

2,111.7

 

23.0

%

North America

 

1,811.2

 

1,053.8

 

71.9

%

South America (excluding Brazil)

 

122.0

 

99.4

 

22.7

%

Consolidated Total

 

4,531.0

 

3,264.9

 

38.8

%

 

37




The average net price of steel in 2003 was $395.6/ton, which increased from $365.7/ton in 2002.

Of total net sales, the Brazilian operations accounted for $2,597.8 million, a 23.0% increase relative to the fiscal year 2002. Sales of the other South American operations increased by 22.7% to $122.0 million, while the net revenues of the Gerdau Ameristeel operation increased by 71.9% from $1,053.8 million to $1,811.2 million over the same period, following the full consolidation of its nine North American operations, a significant increase in regional prices and an improvement in market conditions.

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