SAO PAULO, March 25, 2011 /PRNewswire/ -- The year 2010 was
one of many challenges and important achievements for BRF Brasil
Foods (BM&FBovespa: BRFS3; NYSE: BRFS). The company reported
growth with efficiency, gains in scale and profitability.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20090710/SPF002LOGO)
Net income reached R$ 804 million,
a 125% increase – on a pro-forma basis (*) – compared with fiscal
year 2009. Net sales at R$ 22.7
billion were 8.3% higher.
Despite a scenario of currency appreciation and spiraling
commodity prices in the second half of the year, EBITDA amounted to
R$ 2.6 billion, corresponding to
growth of 126% and representing a margin of 11.6% against fiscal
year 2009.
The Company invested more than R$ 1
billion during the year in expansion and modernization of
its productive capacity as well as in efficiency programs.
BRF was rated as one of the companies inspiring greatest
confidence among investors and shareholders, reporting a 21%
increase in market capitalization against an appreciation of only
1% in the IBOVESPA stock index.
DOMESTIC MARKET
The meat segment recorded an increase of 10.5% in sales revenue
and 6.6% in volume. The recovery in natura exports helped stabilize
the domestic market, sustaining prices and the sale of higher added
value items.
Net sales in the dairy products segment regained the levels of
2008 ending the fiscal year at R$ 2.3
billion.
EXPORT MARKET
Markets generally posted a gradual and consistent recovery
during the course of the year. Meat exports amounted to
R$ 9 billion, 5% higher than in 2009,
while volumes rose 6%.
BRF has been implementing its Internationalization Project, its
focus on higher added value products and distribution to the key
operating regions.
4th QUARTER:
REVENUE
GROWS 21% AND GROSS
PROFIT, 49.5%
Net sales totaled R$ 6.4 billion,
20.6% higher, a growth of 22% in the domestic market and 18.3% in
the overseas market. A total of 1.4 million tons was
commercialized.
EBITDA reached R$ 959 million, a
year-on-year increase of 167% with a margin of 15%.
Net income for the quarter was R$ 360.2
million, corresponding to a margin of 5.6%.
(*)
Results
from Sadia
are
incorporated
as from
July 2009;
variations
are compared
against a
pro-forma
base as if
the
incorporation
of shares
had taken
place on
January
1 2009
SOURCE Brasil Foods