Brazilian group Gerdau said that it has updated information regarding future management perspectives on capex investments and the consequent potential growth of its annual EBITDA.
Gerdau’s management expects that capex investments between 2021 to 2026 should amount to BRL 11.9 billion ($2.30 billion), of which 27.3 percent has already been invested, while the balance 72.7 percent will be invested between 2024 and 2026.
Such capex investment, in the view of the company, has the potential to increase its potential EBITDA by BRL 4.0 billion per year, of which 15 percent has already been captured by the EBITDA, while 85 percent should be added to the company’s profitability in its future earnings.
The company mentioned that such information is based on forecasts, subject to market risks and uncertainties, emphasizing that it cannot be considered as a promise for performance.