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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Centrais Eletricas Brasileiras SA    ELET6   BRELETACNPB7

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Centrais Eletricas Brasileiras : Market Announcement 11.10.17 IG SEST

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11/10/2017 | 05:59pm EST
Market Announcement CENTRAIS ELETRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") hereby informs its shareholders and the market in general that Eletrobras obtained, on this date, the Governance Indicator Certification - IG-SEST Level 1 (level of excellence).

The IG-SEST indicator was launched on June 29, 2017 and represents a continuous monitoring instrument developed by SEST (Secretariat of Coordination and Governance of State Owned Companies) and MPDG (Ministry of Planning, Development and Management) in order to comply with the requirements of Law 13,303/2016, "State- owned Companies Responsibility Law", regulated by Decree No. 8,955/2016 and guidelines established by the Inter-Ministerial Commission on Corporate Governance and Administration of Corporate Shareholdings of the Federal Government - CGPAR, which seek to implement the best market practices and a higher level of excellence in corporate governance.

The IG-SEST is an innovation developed by SEST, which will bring greater effectiveness and transparency in the follow-up of good governance practices by federal state-owned companies with direct control and, consequently, greater benefits to society, through improved service delivery, attendance and results favorable to the Brazilian economy.

As announced to the market, under the 2017-2021 Business and Management Master Plan ("PDNG"), the Company established one of the Governance and Compliance goals to implement actions for index listing and obtaining Corporate Governance stamps.

In this context, such certification, for the first year of the Indicator, demonstrates the commitment of the Company, its managers and employees to continuously promote the improvement of its business activities, based on ethics, transparency and corporate sustainability, according to the guidelines and corporate identity of its Strategic Plan.

Rio de Janeiro, November 10, 2017.

Armando Casado de Araujo

CFO and Investor Relations Officer LISTED EBR & EBR.B

LISTED

NYSE

Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 22:58:01 UTC.

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Financials ( BRL)
Sales 2017 40 136 M
EBIT 2017 2 029 M
Net income 2017 -
Debt 2017 37 704 M
Yield 2017 4,74%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 1,64x
EV / Sales 2018 2,43x
Capitalization 27 982 M
Chart CENTRAIS ELETRICAS BRASILE
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Centrais Eletricas Brasile Technical Analysis Chart | ELET6 | BRELETACNPB7 | 4-Traders
Technical analysis trends CENTRAIS ELETRICAS BRASILE
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 29,0  BRL
Spread / Average Target 28%
Managers
NameTitle
Wilson Pinto Ferreira Chief Executive Officer & Director
José Guimarães Monforte Chairman
Armando Casado de Araújo Chief Financial & Investor Relations Officer
Ana Paula Vitali J. Vescovi Director
Carlos Eduardo Rodrigues Pereira Director
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