Brasil Foods Announces 2009 Results
February 26 2010 - 6:36PM
PR Newswire (US)
SAO PAULO, Feb. 26 /PRNewswire-FirstCall/ -- The result of an
association between Perdigao and Sadia, the creation of BRF Brasil
Foods was a landmark event for the Brazilian food industry in 2009.
Brasil Foods begins its corporate existence ranked among the
largest global players in the food sector, underscoring Brazil's
position as a power in the agribusiness sector. (LOGO:
http://www.newscom.com/cgi-bin/prnh/20090710/SPF002LOGO ) With
sales of R$ 24.4 billion and a market capitalization of US$ 11.4
billion, reported in 2009, Brazil Foods is the fourth largest
Brazilian exporter, the world's largest exporter of poultry meat
and the largest global protein company by market capitalization.
Since its announcement, the association has progressed within the
parameters of the Transaction Reversibility Preservation Agreement
(APRO) signed with the Administrative Council for Economic Defense
(CADE), the Brazilian anti-trust authority. The public offering
concluded during the year for supporting the operations of the new
company exceeded expectations, raising R$ 5.3 billion. The success
of this operation, together with the recent bond issue of US$ 750
million, has been instrumental in Brasil Foods beginning 2010 with
a solid cash position. In 2009, Brasil Foods completed some
important stages for sustaining an innovative company on a solid
base -- a company which anticipates the future, guaranteeing scale
and efficiency in order to compete with the international giants
and contributing to an increasingly robust Brazilian economy.
BALANCE SHEET RECORDS A PROFIT OF R$ 360 MILLION In 2009, Brasil
Foods' net sales surpassed the R$ 20.9 billion mark. Adjusted net
income was R$ 360 million considering pro-forma results, that is
the fully consolidated figures for Sadia (a wholly owned
subsidiary) and its controlled companies shown as if the merger of
shares had taken place on January 1 2008. The domestic market
reported an excellent operating result, accounting for 58% of net
sales and equivalent to revenues of approximately R$ 15.3 billion.
The processed/elaborated meats business registered the best
performance with net sales of R$ 8 billion, corresponding to a
growth of 9.5% in relation to the preceding fiscal year. The
results for Brasil Foods' exports reflect the adverse international
scenario which triggered a sharp decline in prices and volume. The
situation was further aggravated by an extremely volatile foreign
exchange market as well as cost and expense pressures along the
entire production chain, among other factors impacting this
segment. During the year, company exports reached about R$ 9.2
billion. DATASOURCE: Brasil Foods CONTACT: Susana Yamamoto,
+011-55-11-3718-5791,susana.yamamoto@brasilfoods.com of Brasil
Foods Web site: http://www.perdigao.com.br/
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