CIA DE FERRO LIGAS DA BAHIA S.A. - FERBASA BM&FBovespa: FESA3/FESA4 www.ferbasa.com.br
Net revenues(in R$ '000)
CARLOS H. TEMPORAL Investor Relations
+55 (71) 3404-3016 | 3404-3023 dri@ferbasa.com.br
Reduction of FeSi offer in Europe should result in price increase in mid-2015 (Source: Metall Buletin).
Volume and prices of FeCr will
Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14
Considering an average dollar exchange rate of R$ 2.47 our net revenues totaled R$ 64.6 million in the month of November. We emphasize ferrosilicon (FeSi 75) results, which volumes remained steady but revenues increased 31% in the last 12 months (11% actual USD price increase plus 20% exchange rate variation).
Sales volume(in tonnes)
30.000
23,630 23,832
30, 000
remain stable in most markets
(Source: Metall Buletin).
25.000
20.000
15.000
20,077
22,028
17,799
19,478 19,397
20,820
19,009
16,906
19,382
15,348
25, 000
17,089 20, 000
15, 000
10.000
10, 000
INSTITUTIONAL5.000
-
Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14
HC FeCr FeSi 75 LC FeCr TOTAL
5,0 00
0,0 00
Last December 5th our metallurgical business unit was recommended for OHSAS
18.001 (health and safety) and ISO 14.001 (environmental management system). These recommendations add to ISO
9001 - Quality Certificate obtained fifteen years ago.
November's sales volumes were 10,300 Tons of FeCrAC, 700 Tons of FeCrBC and
6,089 Tons of FeSi 75. Ferbasa accumulated 59 thousand tons of finished products as part of its strategic plan for the second semester of 2015, representing some 90 days of sales. It's noteworthy that since finished products are sold in US dollars there is a good perspective this working capital will generate return on invested capital.
Due to recent foreign exchange volatility Ferbasa contracted hedge instruments
for part of its gross revenues forecasted for 2015 on the following conditions:
USD'000 | NDF rate | USD'000 | NDF rate | ||
January | 7,000 | 2.5194 | July | 2,470 | 2.7847 |
February | 7,000 | 2.6092 | August | 2,651 | 2.8104 |
March | 7,000 | 2.6121 | September | 2,793 | 2.8322 |
April | 2,470 | 2.7184 | October | 2,493 | 2.8542 |
May | 2,671 | 2.7404 | November | 2,492 | 2.8772 |
June | 2,967 | 2.7622 | December | 2,119 | 2.9012 |
Newsletter of Cia de Ferro Ligas da Bahia
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