MINERVA FOODS POSTS RECORD CONSOLIDATED GROSS REVENUE AND EBITDA IN THE FIRST QUARTER OF 2022
Gross revenue totaled R
SÃO PAULO, May 11, 2022 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle byproducts, which also operates in the processed foods segment, announces to the market the financial results for the first quarter of 2022 (1Q22).
The Company's consolidated gross revenue totaled R
In 1Q22, exports accounted for
EBITDA totaled R
In 1Q22, the Company recorded net income of R
In 1Q22, net leverage measured by the Net Debt/LTM EBITDA ratio remained flat at 2.5x, confirming the Company's healthy capital structure and its commitment to capital discipline.
We also highlight the payment of additional dividends in the amount of R
About Minerva Foods
Minerva Foods is the South American leader in beef exports, which also operates in the processed foods segment, selling its products to over 100 countries. In addition to Brazil, Minerva Foods is present in Paraguay, Argentina, Uruguay, Colombia and Chile. The Company supplies five continents with beef and its cattle byproducts and currently operate 25 slaughter and deboning plants, 16 international offices, 14 distribution centers and 3 processing plants.
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SOURCE Minerva Foods