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Votorantim Cimentos ended the first quarter of 2021 with net profit of R$227 million, reversing the R$380 million loss posted in 1Q2020. The company’s global net revenue in the first quarter of the year was R$4 billion, an increase of 46% in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the devaluation of the real against foreign currencies in its international operations. The company’s global cement sales totalled 7.6 million t in 1Q2021, a 20% growth compared to the 6.3 million t sold in the same period in 2020.
UruguayUnited-statesCanadaBoliviaTurkeyBrazilAmericaBrazilianAmericanOsvaldo-ayres-filhoVotorantim-cimentosSomos-maisRodrigo Maia
Good afternoon, everyone. I'm Rodrigo Maia, Investor Relations of Gerdau. Welcome to Gerdau's First Quarter Earnings Results in the first time using video conference platform. Here today is Gustavo Werneck, Chief Executive Officer of Gerdau; Harley Scardoelli, Chief Financial Officer who will present to you today. All analysts and investors can send their questions to the chat. And then the questions will be answered by both Gustavo and Scardoelli after the presentation.
I would like to clarify that any information forward-looking statements that might be made during this conference call related to Gerdau's business outlook, projections and financial and operating goals are mere assumptions based on the management's expectations related to the future of the company. Even though Gerdau's believes that its comments are based on reasonable assumptions, there is no guarantee that future events will not affect this evaluation.
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Good afternoon, and welcome to Gerdau's conference call to discuss the results related to the fourth quarter of 2020. [Operator Instructions] We would like to emphasize that any forward-looking statements that might be made during this conference call related to Gerdau's business outlook, projections and financial and operating goals are mere assumptions based on the management's expectations related to the future of the company. Even though Gerdau believes that its comments are based on reasonable assumptions, there is no guarantee that future events will not affect this evaluation. Here today are Mr. Gustavo Werneck, Director, President and CEO; and Harley Scardoelli, Executive Vice President and CFO.
Sao-pauloSãpauloBrazilRio-de-janeiroEstado-do-rioUnited-statesArgentinaBahiaEl-salvadorPindamonhangabaUruguayCeara