MINERVA FOODS POSTS RECORD EBITDA IN THE 2Q22
Indicator was
SAO PAULO, Aug. 10, 2022 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and derivatives in South America, which also operates in the processed segment, presents its financial results for the second quarter of 2022 (2Q22).
In 2Q22, EBITDA totaled R
The company's consolidated gross revenue totaled R
In 2Q22, exports accounted for
The company posted net income in 2Q22 of R
Net leverage in 2Q22, measured by the Net Debt/EBITDA multiple for the last 12 months, has been reduced to 2.3x. The indicator reinforces the company's financial discipline and healthy capital structure.
Minerva Foods continues to generate value for its shareholders and announces the payment of dividends approved today (August 10) of R
About Minerva Foods
Minerva Foods is a leader in beef exports in South America and also operates in the processed segment, selling its products to more than 100 countries. In addition to Brazil, Minerva Foods is present in Paraguay, Argentina, Uruguay, Colombia, and Australia. The company serves five continents with beef, lamb and their derivatives, and currently operates 27 industrial units, 11 international offices, 14 distribution centers, and three processing units.
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SOURCE Minerva Foods