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    GGBR4   BRGGBRACNPR8

GERDAU S.A.

(GGBR4)
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Delayed Bolsa de Valores de Sao Paulo  -  05/13 04:07:35 pm EDT
27.80 BRL   +1.50%
05/09GERDAU S A : Apresentação Institucional - Maio*
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05/09GERDAU S A : Investor Presentation - May
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05/05Gerdau S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
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Gerdau S A : METAL┌RGICA GERDAU S.A - Form 6-K

12/01/2021 | 02:11pm EDT

METALÚRGICA GERDAU S.A.

Tax ID (CNPJ/ME): 92.690.783/0001-09

Registry (NIRE): 35300520751

NOTICE TO THE MARKET

Gerdau S.A. and Metalúrgica Gerdau S.A. (jointly, "Companies") hereby inform their shareholders and the market that, in connection with the Notice to the Market disclosed on August 19, 2021, the corporate restructuring involving their Mexican subsidiary Sidertúl, S.A. de C.V. ("Sidertúl") and Aceros Corsa, S.A. de C.V. ("Aceros Corsa") and Gerdau Corsa, S.A.P.I. de C.V. ("Gerdau Corsa"), both located in Mexico and subsidiaries of the Companies jointly with the group formed by Corcre, S.A.P.I. de C.V. and Juan Angel Cordova Creel (jointly, "Grupo Córdova"), has concluded.

The corporate restructuring was approved by shareholders of the companies involved and by the Comisión Federal de Competencia Económica - COFECE (Mexican antitrust agency), and will produce effects as from December 1, 2021.

The merger of Sidertúl and Aceros Corsa with Gerdau Corsa ("Merger") is part of the process to reorganize and simplify the ownership structure in Mexico in order to (i) strengthen the financial structure of Gerdau Corsa by reducing leverage and financial expenses; (ii) centralize the core business activities, resulting in greater operational efficiency at the companies involved; and (iii) optimize internal processes to generate synergies and economies of scale by reducing administrative, operating and tax expenses.

As a result of the Merger, Gerdau S.A. will indirectly hold 75% interest in Gerdau Corsa, retaining its shared control of the latter with Grupo Córdova. The corporate restructuring will also underscore the Companies' commitment to their operations in Mexico, an important and strategic region for their long-term vision.

São Paulo, November 30, 2021.

Harley Lorentz Scardoelli

Executive Vice President

Investor Relations Officer

Disclaimer

Gerdau SA published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 19:10:03 UTC.


ę Publicnow 2021
All news about GERDAU S.A.
05/09GERDAU S A : Apresentação Institucional - Maio*
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05/09GERDAU S A : Investor Presentation - May
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05/05Gerdau S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
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Analyst Recommendations on GERDAU S.A.
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Financials
Sales 2022 80 627 M 15 898 M 15 898 M
Net income 2022 12 036 M 2 373 M 2 373 M
Net Debt 2022 2 851 M 562 M 562 M
P/E ratio 2022 3,87x
Yield 2022 7,28%
Capitalization 44 075 M 8 690 M 8 690 M
EV / Sales 2022 0,58x
EV / Sales 2023 0,57x
Nbr of Employees 30 000
Free-Float 35,1%
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Technical analysis trends GERDAU S.A.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 13
Last Close Price 27,80 BRL
Average target price 38,58 BRL
Spread / Average Target 38,8%
EPS Revisions
Managers and Directors
Gustavo Werneck da Cunha Chief Executive Officer & Director
Rafael Dorneles Japur Executive Vice President-Finance
Guilherme Chagas Gerdau Johannpeter Chairman
AndrÚ Bier Gerdau Johannpeter Co-Vice Chairman
Claudio Gerdau Johannpeter Co-Vice Chairman
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