SAO PAULO, May 10, 2018 /PRNewswire/ -- Net operating
revenue of BRF reached 8.2 billion
BRL in Q1 2018 - an increase of 5% over the same quarter of
the previous year. The growth reflects the progress of the volumes
sold especially in Brazil,
Turkey, China, and Hong
Kong, which together have registered a high of 5.7%. Gross
profit in the period increased 11.7%, reaching 1.5 billion BRL. Net losses declined 60.2% to
114 million BRL. Adjusted EBITDA
totaled 802 million BRL - up 40.7%
compared to the same period last year.
In Brazil, the highlight is the
volume growth of 9.6%, driven by an increase of 22.5% y/y and 4.7%
y/y in the in-natura and processed segments, respectively. In fact,
the performance reflects the strategy of offering a portfolio of
products more suited to the current reality of consumption in the
country, adjusting the trade execution in a market with greater
availability of products. In addition, volume was also driven by a
larger number of customers, which reached 191,000 points of sale in
Q1 2018.
The Muslim market-driven unit OneFoods also recorded a good
operational performance in the period, with a total net revenue of
1.8 billion BRL in Q1 2018, an
increase of 39.6% over the same quarter of the previous year. When
the acquisition of Banvit, in June
2017, is excluded from the analysis, the net revenue shows a
growth of 1.4% and a drop of 10.4% in volume. The result reflects
the best balance of supply and demand and a local effort for the
recovery of margin.
The highlight in the international division, which includes the
operations of Asia, Europe, the Americas, and Africa, was the expansion of the adjusted
EBITDA margin, with a growth of 8%. In this period, the net revenue
totaled 1.08 billion BRL, compared to
943 million BRL recorded in the
previous year - a high of 12.9%.
Net revenue in the Southern Cone -- Argentina, Bolivia, Chile, Paraguay, and Uruguay -- increased by 12.4% compared to the
previous quarter, reaching 592 million
BRL. The index was impacted positively by a growth of 13.2%
with the sale of in natura turkey in Chile. On the other hand, the higher cost of
the raw material for bovine, turkey, swine and poultry put a
pressure on the gross margin of 1.1% in the region.
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SOURCE BRF