JBS Sees Rise in Sales and Income15 March 2013
BRAZIL - Brazilian meat processing giant JBS saw a 22.5 per cent rise in net revenue last year at R$75.7 billion, an increase of R$13.9 billion compared to 2011.
Consolidated EBITDA was R$4.4 billion, an increase of 40.0 per cent over 2011, and EBITDA margin was 5.8 per cent.
JBS Mercosul posted net revenue of R$18.0 billion, 20.7 per cent above 2011. The EBITDA increased 54.6 per cent over the same period.
JBS USA Chicken (Pilgrim’s Pride Corporation – “PPC”) net revenue was US$8.1 billion, 7.8 per cent ahead of 2011. The 2012 EBITDA came in at US$402.6 million, compared to negative US$147.0 million in 2011.
JBS posted adjusted net income for the year of R$1.26 billion, excluding deferred income tax liabilities due to goodwill at the parent company. The reported net income in 2012 was R$718.9 million, R$0.25 per share.
JBS generated net cash from operating activities in 2012 of R$1.5 billion.
The company ended the year with R$5.4 billion in cash or cash equivalent, corresponding to 90 per cent of short-term debt.
JBS posted consolidated net revenue of R$21.9 billion in in the fourth quarter of 2012, 29.0 per cent above the fourth quarter of 2011.
EBITDA for the period was R$1.2 billion, an increase of 24.5 per cent over the fourth quarter of 2011. EBITDA margin was 5.4 per cent. Net cash from operating activities came in at R$795.9 million.
Free cash flow (after CAPEX) was R$305.4 million.
The 2012 fourth quarter adjusted net income was R$310.4 million, excluding deferred income tax liabilities due to goodwill at the parent company. The reported net income was R$66.4 million.
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