Marfrig

MINERVA FOODS FILES EBITDA OF BRL 713,7 MILLION AND NET PROFIT OF BRL 141 MILLION IN 3Q23

Retrieved on: 
Wednesday, November 8, 2023

BARRETOS, Brasil, Nov. 8, 2023 /PRNewswire/ -- Minerva Foods (Minerva S.A – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and its derivatives in South America, and which also operates in the processed beef segment, reports its earnings for the third quarter of 2023. The following financial and operational information is presented in BRGAAP, in Reals (BRL), according to International Financial Reporting Standards.

Key Points: 
  • The following financial and operational information is presented in BRGAAP, in Reals (BRL), according to International Financial Reporting Standards.
  • EBITDA in the third quarter of 2023 totaled BRL 713,1 million and the EBITDA margin was 10,1%.
  • In the last twelve months ending in September, EBITDA was BRL 2,6 billion and the EBITDA margin was 9,3%.
  • Free Cash Flow in 3Q23, after Financial Expenses, Capex, and Working Capital, was BRL 608,1 million.

MINERVA FOODS FILES EBITDA OF BRL 713,7 MILLION AND NET PROFIT OF BRL 141 MILLION IN 3Q23

Retrieved on: 
Wednesday, November 8, 2023

BARRETOS, Brasil, Nov. 8, 2023 /PRNewswire/ -- Minerva Foods (Minerva S.A – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and its derivatives in South America, and which also operates in the processed beef segment, reports its earnings for the third quarter of 2023. The following financial and operational information is presented in BRGAAP, in Reals (BRL), according to International Financial Reporting Standards.

Key Points: 
  • The following financial and operational information is presented in BRGAAP, in Reals (BRL), according to International Financial Reporting Standards.
  • EBITDA in the third quarter of 2023 totaled BRL 713,1 million and the EBITDA margin was 10,1%.
  • In the last twelve months ending in September, EBITDA was BRL 2,6 billion and the EBITDA margin was 9,3%.
  • Free Cash Flow in 3Q23, after Financial Expenses, Capex, and Working Capital, was BRL 608,1 million.

Marfrig and ADM Formally Launch PlantPlus Foods

Retrieved on: 
Monday, October 26, 2020

Marfrig (B3:MRFG3 and Level 1 ADR: MRRTY) and ADM (NYSE: ADM) today announced the completion of regulatory approvals and the formal launch of PlantPlus Foods, a joint venture that will offer a wide range of finished plant-based food products across North and South America, backed by unmatched technology, scale and experience.

Key Points: 
  • Marfrig (B3:MRFG3 and Level 1 ADR: MRRTY) and ADM (NYSE: ADM) today announced the completion of regulatory approvals and the formal launch of PlantPlus Foods, a joint venture that will offer a wide range of finished plant-based food products across North and South America, backed by unmatched technology, scale and experience.
  • PlantPlus Foods is born of two companies that had a common vision to create a new venture offering a complete portfolio of delicious, sustainable plant-based foods for consumers across the Western Hemisphere.
  • Backed by the vast capabilities of ADM and Marfrig, PlantPlus Foods brings together a unique blend of innovation, scale, insight and expertise in this exciting, fast-growing market.
  • In Chile, Marfrig is the leading importer of beef and operates a lamb primary processing unit, which serves numerous countries.

Marfrig and ADM Unveil PlantPlus Foods, a Joint Venture Offering Plant-Based Food Products for Customers Across North and South America

Retrieved on: 
Wednesday, May 27, 2020

Marfrig (B3:MRFG3 and Level 1 ADR: MRRTY) and ADM (NYSE: ADM) today announced an agreement to create PlantPlus Foods, a joint venture for the sale of plant-based food products across South American and North American markets.

Key Points: 
  • Marfrig (B3:MRFG3 and Level 1 ADR: MRRTY) and ADM (NYSE: ADM) today announced an agreement to create PlantPlus Foods, a joint venture for the sale of plant-based food products across South American and North American markets.
  • PlantPlus Foods will be ready from day one to meet customer needs in this fast-growing market.
  • Now, by expanding our relationship with Marfrig, were taking the next step in meeting exploding consumer demand for alternative proteins.
  • The joint venture will primarily focus on North and South America, though it will have the ability to serve customers in other global markets.

Jefferies Agrees to Sell Remaining 31% Interest in National Beef to Marfrig;

Retrieved on: 
Monday, November 18, 2019

Jefferies Financial Group Inc. (NYSE:JEF) (Jefferies) announced today that it has entered into a definitive agreement to sell its remaining 31% interest in National Beef to Marfrig Global Foods (Marfrig).

Key Points: 
  • Jefferies Financial Group Inc. (NYSE:JEF) (Jefferies) announced today that it has entered into a definitive agreement to sell its remaining 31% interest in National Beef to Marfrig Global Foods (Marfrig).
  • This follows our original sale to Marfrig of a 48% interest in National Beef in June 2018.
  • Our last published valuation of our remaining interest in National Beef was $903 million as of May 31, 2019.
  • With this sale, we bring to a close Jefferies incredibly successful investment in National Beef.