SAO PAULO, May 12 /PRNewswire-FirstCall/ -- BRF Brasil Foods
(NYSE: BRFS) closed the first quarter 2010 with gross sales of
R$ 5.8 billion and recorded an
important recovery in operating performance. EBITDA reached
R$ 447.3 million, 148% higher than
the pro-forma figure for 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090710/SPF002LOGO
)
The Company reported net income of approximately R$ 53 million against a negative result of
R$ 465.2 million for the same period
last year using the same comparative basis.
First quarter figures reflect a good domestic market performance
and a gradual recovery in exports. To these two factors can be
added a reduction in costs and expenses, which in 2009 were
strongly impacted by currency volatility and falling volume.
During the quarter, BRF completed its integration plan and the
identification of synergies between Perdigao and Sadia, for
implementation once a decision has been made by the anti-trust
regulator CADE (Administrative Council for Economic Defense).
The operations of both companies have been closely examined in
all areas to ensure that the best practices are selected. The
entire analysis is ready and plans for executing these practices
are nearing conclusion so that they can be adopted on the first
effective day of working together as one company.
NUMBERS FOR THE 1ST QUARTER 2010 (PRO-FORMA) (*)
R$ million
1Q10 1Q09 Change %
Gross Sales 5,815 5,847 (1%)
Domestic Market 3,686 3,538 4%
Exports 2,128 2,308 (8%)
Net Sales 5,047 5,061 0%
Gross Profits 1,279 988 29%
Gross Margin 25.3% 19.5% 580 bps
EBIT 271 (61) -
Net Income 53 (465) -
Net Margin 1.0% (9.2%) -
EBITDA 447 180 148%
EBITDA Margin 8.9% 3.6% 530 bps
(*) Results have been consolidated as if the merger of Sadia's
shares had taken place on January 1,
2009.
BRF (NYSE: BRFS) is one on the largest food companies in
Latin America and one of the
largest food processing companies in the world. The Company exports
its products to more than 140 countries.
SOURCE BRF Brasil Foods S.A.