BRL | Jotup

MINERVA FOODS RECORDS CONSOLIDATED GROSS REVENUE OF BRL 7.7 BILLION IN THE FIRST QUARTER OF 2024

Retrieved on:

Giovedì, Maggio 9, 2024

United Nations, Meat, UN, Power, Net, ALC, Minerva, United, Farm, Acquisition, Sustainable Development Goals, BRL, Working capital, Bookkeeping

SÃO PAULO, May 9, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the leading exporter of fresh beef and its derivatives in South America, which also operates in the processed meat segment, presents its financial results for the first quarter of 2024 (1Q24) to the market.

Key Points:

Over the last 12 months up to March 31, recurring free cash flow totaled BRL 1.3 billion, resulting in a free cash flow yield (annualized) of 35%*.
After Financial Expenses, Capex, Working Capital, and disregarding expenses related to the acquisition of ALC (Australia Lamb Company) and BPU Meat (Uruguay), the index totaled BRL 1.5 billion.
Consolidated Gross Revenue in 1Q24 reached BRL 7.7 billion, with exports accounting for 58% of this amount.
EBITDA for the first quarter of 2024 reached BRL 628.9 million, with an EBITDA margin of 8.8%.

MINERVA FOODS RECORDS CONSOLIDATED GROSS REVENUE OF BRL 7.7 BILLION IN THE FIRST QUARTER OF 2024

Retrieved on:

Giovedì, Maggio 9, 2024

United Nations, Meat, UN, Power, Net, ALC, Minerva, United, Farm, Acquisition, Sustainable Development Goals, BRL, Working capital, Bookkeeping

SÃO PAULO, May 8, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the leading exporter of fresh beef and its derivatives in South America, which also operates in the processed meat segment, presents its financial results for the first quarter of 2024 (1Q24) to the market.

Key Points:

Over the last 12 months up to March 31, recurring free cash flow totaled BRL 1.3 billion, resulting in a free cash flow yield (annualized) of 35%*.
After Financial Expenses, Capex, Working Capital, and disregarding expenses related to the acquisition of ALC (Australia Lamb Company) and BPU Meat (Uruguay), the index totaled BRL 1.5 billion.
Consolidated Gross Revenue in 1Q24 reached BRL 7.7 billion, with exports accounting for 58% of this amount.
EBITDA for the first quarter of 2024 reached BRL 628.9 million, with an EBITDA margin of 8.8%.

Jeeves Secures USD$75 Million Financing to Expand Latin America Footprint, Including Launch of Jeeves Pay Credit in Brazil

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Lunedì, Maggio 6, 2024

USD, PIX, Traction, Partnership, SPEI, Economic development, Burger King, BRL, CIM, Friction, Drug

In addition to supporting the company's rapid scaling, this financing will enhance Jeeves' financial product suite in its primary Latin American markets - Brazil, Colombia, and Mexico.

Key Points:

In addition to supporting the company's rapid scaling, this financing will enhance Jeeves' financial product suite in its primary Latin American markets - Brazil, Colombia, and Mexico.
Over its brief history, Jeeves has introduced a broad set of products that simplify essential day-to-day financial processes, including its latest offering, Jeeves Pay.
With the new credit facility from CIM, Jeeves will double down on expanding Jeeves Pay and other key product offerings in strategic Latin American markets.
Through collaboration with CIM, Jeeves aims to expand its reach and deepen its impact on enterprises and medium-sized businesses in Mexico, Colombia, and Brazil.

NRDC Equity Partners and BB Kapital SA acquire Galeria Karstadt Kaufhof GmbH out of insolvency

Retrieved on:

Mercoledì, Aprile 10, 2024

NRDC Equity Partners, a New York-based investment firm, alongside investment firm BB Kapital SA, Bernd Beetz’s family office, have undertaken the acquisition of Galeria Karstadt Kaufhof GmbH (Galeria).

Key Points:

NRDC Equity Partners, a New York-based investment firm, alongside investment firm BB Kapital SA, Bernd Beetz’s family office, have undertaken the acquisition of Galeria Karstadt Kaufhof GmbH (Galeria).
The consortium of NRDC Equity Partners and BB Kapital SA is pursuing the takeover and financing of Galeria as part of an insolvency plan.
Insolvency administrator Stefan Denkhaus says, “We have been negotiating intensively with two potential investors, and, together with the creditors' committee, we have selected two investment firms, BB Kapital SA and NRDC Equity Partners.
“Three months ago, we set in motion a plan to secure the future of Galeria Karstadt Kaufhof by filing for insolvency proceedings,” said Olivier van den Bossche, CEO of Galeria Karstadt Kaufhof GmbH.

ADAMA Reports First Quarter 2024 Results

Retrieved on:

Giovedì, Aprile 25, 2024

Transfer, Investment, Weather, Appendix, LATAM, Profit, Transport, Environment, Purchasing, Tax, Pressure, Acquisition, BRL, PPA, Crop protection, OPEX, Video game

In the US Ag market sales in the first quarter of 2024 were lower reflecting weak pricing, ‎lower ‎demand and strong competition.

Key Points:

In the US Ag market sales in the first quarter of 2024 were lower reflecting weak pricing, ‎lower ‎demand and strong competition.
The overall pricing was‎ lower in the first quarter of ‎‎2024 than in the first quarter of 2023, as market prices began to decline only during the ‎second quarter of 2023.
Cash Flow: Operating cash flow of $103 million was consumed in the first quarter of 2024, compared to $425 million in the first quarter of 2023.
Net cash used in investing activities was $67 million in the first quarter in 2024, compared to $93 million in the first quarter of 2023.

Explore B2Core V2.1 with Enhanced Savings Features, New Trading Platform Integration, Fresh PSPs, and UI Improvements

Retrieved on:

Giovedì, Aprile 4, 2024

The V2.1 upgrade delivers on the highly anticipated savings feature, introduces a new trading platform and PSP integrations, and drastically improves the user experience on the platform.

Key Points:

The V2.1 upgrade delivers on the highly anticipated savings feature, introduces a new trading platform and PSP integrations, and drastically improves the user experience on the platform.
B2Core V2.1 integrates the TradeLocker trading platform inside its ecosystem, adds new PSPs and enhances the existing ones, and upgrades its UI.
(Photo: Business Wire)
Version 2.1 of B2Core brings a new user interface, major functionality improvements, and technical fixes.
B2Core introduces TradeLocker, an innovative trading platform seamlessly integrated into the trader's room.

SPAR Group Announces Sale of Interest in South Africa and Brazil

Retrieved on:

Lunedì, Aprile 1, 2024

Supply Chain Management, Marketing, Retail, Communications, Discount, Variety, Public Relations, Investor Relations, Growth, BRL, Form, More (store), Sale, Form 10-K, Software, SAAS, Landing slot

SPAR Group , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa’s Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder.

Key Points:

SPAR Group , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa’s Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder.
These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter.
Our divestitures of China, Australia, and National Merchandising Services joint ventures, as well as the sales of South Africa and Brazil included as Subsequent Event disclosures in the Form 10-K filed today, reflect the actions and results of our larger plan,” said Mike Matacunas, SPAR Group CEO.
We are confident that streamlining the operations and finances at SPAR Group will allow us to accelerate growth and generate better returns for our shareholders.”
As part of the divestiture agreements, Australia and The Meridian Group have also entered into software as a service (SAAS) agreements with SPAR Group to continue the use of SPAR’s technology.

Latin America Gift Card and Incentive Card Market Intelligence 2024: Uptake of Alternate Payment Methods to Support Industry Growth - Future Dynamics to 2028 - ResearchAndMarkets.com

Retrieved on:

Lunedì, Marzo 25, 2024

Retail, Banking, Professional Services, Other Retail, Consumer, Growth, BRL, Partnership, Internet, CoDi, Jewellery, Vivara, Online shopping

The "Latin America Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Latin America Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
Gift card industry in Latin America is expected to grow by 10.9% on annual basis to reach US$14.3 billion in 2024.
The gift card market is expected to record steady growth over the medium term in Latin America.
The industry will also receive growth support from gift card giveaway campaigns in Latin America.

BingX Rides the Bullish Market Wave with Global Expansion and Record-Breaking Performances

Retrieved on:

Mercoledì, Aprile 3, 2024

Growth, Sport, BRL, Partnership, MANTA, WEN, The Rev, Chelsea F.C., Bartell Drugs, Cryptocurrency

The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance.

Key Points:

The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance.
Notably, the price of BOME recorded an extraordinary surge of 4,384.62% on BingX, marking the highest gain across all exchanges.
Expansion into Latin America: In line with its strategic global expansion, BingX marked its entry into Latin America by launching operations in Brazil in March 2024.
As we keep our focus on worldwide expansion and capitalizing on the bullish market dynamics, BingX is dedicated to offering unmatched trading experiences and opportunities to our global community," said Vivien Lin, Chief Product Officer of BingX.

BingX Rides the Bullish Market Wave with Global Expansion and Record-Breaking Performances

Retrieved on:

Martedì, Aprile 2, 2024

Growth, Sport, BRL, Partnership, MANTA, WEN, The Rev, Chelsea F.C., Bartell Drugs, Cryptocurrency

The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance.

Key Points:

The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance.
Notably, the price of BOME recorded an extraordinary surge of 4,384.62% on BingX, marking the highest gain across all exchanges.
Expansion into Latin America: In line with its strategic global expansion, BingX marked its entry into Latin America by launching operations in Brazil in March 2024.
As we keep our focus on worldwide expansion and capitalizing on the bullish market dynamics, BingX is dedicated to offering unmatched trading experiences and opportunities to our global community," said Vivien Lin, Chief Product Officer of BingX.