Votorantim Group had loss in 2012 of $ 650 million

The Votorantim Group must publish in the coming days the operating and financial review of its industrial activities, which are under the management of Votorantim Industrial (VID). The market expectation is sensible improvement in results compared to 2012, mainly in the last quarter, which brought heavy losses to the group. The VID comprises single cement business activity to generate profits in the past year, metals (aluminum, zinc and nickel), steel, pulp, orange juice and energy.
The numbers for the first quarter should mark out the data from the initial public offering (IPO) of Votorantim Cimentos. The group reported the intention for a month and investors forecast that the offering occur until July. It is estimated to reach $ 10 billion. The money will be used for the VC continue its expansion plan locally and internationally and to strengthen the group box. In quiet period due to the IPO, the group is not about results.
With the negative results of VID's business and financial area, managed by Banco Votorantim, the group, which is controlled by the family Ermírio de Moraes-2012 closed with a loss of r $ 650 million, below the market forecast, with r $ 556 million allocated to the controllers. The gain reversed performance $ 871 million in 2011, according to information available on the website of the company.
Consolidated net revenue of Votorantim Participações (VPAR), the holding company of all the Group's businesses, totaled r $ 33.6 billion, down from $ 34.1 billion in 2011. The industrial segment, as shown in the balance sheet grew by 6.5%. The value of the financial industry kicked 20%, to R $ 8.22 billion.
The industrial business group, disclosed before, had profit of $ 87 million in 2012, a low of 93% compared to the value of $ 1.28 billion in the previous year. In the fourth quarter, the holding company had a loss of $ 111 million.
The performance of the VID in the year was strongly affected by retraction of product prices, spent in operational units and financial losses of some businesses, despite the high of 5% in net revenues of r $ 24.8 billion. This was reflected in the operating profit (Ebitda) of the holding company, which recorded a fall of 5%, to $ 5.1 billion. The Ebitda margin declined two percentage points to 20.6%.
The result of the holding company suffered the impact of the losses occurred mainly in non-ferrous metals (aluminum, zinc and nickel), steel, pulp and orange juice, operated by Fibria in partnership with BNDES.
Investments in the year, which had strong concentration on the cement, fell 20% to $ 3.1 billion, up from 2011. The net debt of the VID was inflated in $ 800 million, to $ 18.4 billion, with the consolidation of inherited assets in Europe, Africa and Asia of the Portuguese Cimpor cement. Is with average depreciation of 7.5 years. The holding company closed the year with $ 7.1 billion.
The only profitable activity in the company was to cement production, which featured an approximate gain of r $ 1.8 billion. The business of Banco Votorantim, in which it shares control with the Banco do Brazil, half and half, resulted in a loss of r $ 789 million for the group, accentuating the loss of R $ 118 million the previous year.
The area had metal loss, just with aluminum, zinc and nickel, for $ 1.75 billion, due to fall in international commodity prices. Already in concrete, the gain of $ 1.79 billion. With participation of 40% in revenue and 60% in the VID's Ebitda, net revenue grew by 9%, to $ 9.8 billion, and operating income, 11%, totaling R $ 3.17 billion. The total sale of the VC were 27.4 million tons.