MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023
SÃO PAULO, March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023.
- SÃO PAULO, March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023.
- In 2023, recurring Free Cash Flow, adjusted by the acquisitions of Australia Lamb Company (ALC) and BPU Meat (Uruguay), totaled R$ 535,7 million.
- Consolidated Gross Revenue totaled R$ 28,6 billion in 2023, with exports reaching 65% of revenue.
- In 2023, EBITDA totaled R$ 2,6 billion, with an EBITDA margin of 9,5%.