BRFS BRF SA

FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

dated July 30, 2015

Commission File Number 1-15148

BRF S.A.
(Exact Name as Specified in its Charter)

N/A
 (Translation of Registrant’s Name)

1400 R. Hungria, 5th Floor
Jd América-01455000-São Paulo – SP, Brazil
 (Address of principal executive offices) (Zip code)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x   Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):                   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):                   

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o   No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.

*             *             *

This material includes certain forward-looking statements that are based principally on current expectations and on projections of future events and financial trends that currently affect or might affect the Company’s business, and are not guarantees of future performance.  These forward-looking statements are based on management’s expectations, which involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the Company’s control and any of which could cause actual financial condition and results of operations to differ materially fom those set out in the Company’s forward-looking statements.  You are cautioned not to put undue reliance on such forward-looking statements.  The Company undertakes no obligation, and expressly disclaims any obligation, to update or revise any forward-looking statements.  The risks and uncertainties relating to the forward-looking statements in this Report on Form 6-K, including Exhibit 1 hereto, include those described under the captions “Forward-Looking Statements” and “Item 3. Key Information — D. Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2012.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

EXHIBIT INDEX

 

 NET REVENUE OF BRF GROWS 12.8% IN 2Q15 TO R$7.9 BILLION

EBITDA increases 43.6% from 2Q14 to R$1.4 billion;

In Brazil, the processed products segment reports significant growth.

São Paulo, July 30, 2015 – Net operating revenue (NOR) of BRF reached R$7.9 billion in the second quarter of the year, growing by 12.8% from the same period in 2014, as reported by the company today. In the same period, EBITDA increased 43.6% to R$1.4 billion. Simplified cash flow in the last 12 months was R$3.7 billion.

In Brazil, net revenue from processed products grew 15.2% from the same period in 2014. Despite the adverse macroeconomic scenario in Brazil, the brazilian market registered a 9.4% growth in the volume of processed foods compared to the previous year. “I am very pleased to announce what we believe are positive and solid results, both for our business in Brazil and, especially, in the international markets,” stated Pedro Faria, global CEO of BRF.

EBITDA margin on the overall results came to 17.4%, up 3.7 percentage points in the period. Gross margin stood at 31.9%, compared to 27.1% in the same period in 2014 and 30.7% the previous quarter. Return on invested capital (ROIC) in the last 12 months reached 13.3%, compared to 7.9% in the second quarter of 2014.

Business performance in the international market, especially the Middle East, deserves special mention, which benefited from the structural changes implemented last year and from the favorable cycle. Poultry volumes grew 7.6% from the year-ago period and, accompanied by higher prices, led to a 42% growth in revenues from the segment. In the Middle East and Africa, EBIT margin reached 18.3%.

Overall net debt in the second quarter was R$5.9 billion, down 4.5% from the balance on March 31, 2015, which resulted in a net debt to EBITDA (12 months) ratio of 1.12 times, compared to 1.26 times in the previous quarter. Another highlight was the €500 million issue of green bonds, the first by a Brazilian company.

Return of Perdigão

The second half of 2015 marks an important moment - the return of the main Perdigão products, which had been suspended for the past three years. Henceforth, BRF will be able to operate at full capacity, with a comprehensive portfolio of brands in Brazil.

Key financial indicators: Continuing Operations

ABOUT BRF

BRF, which markets its products under the brands Sadia, Perdigão and Qualy, is one of the world’s largest poultry and pork exporters. The company has over 104,000 direct employees, 34 production units in Brazil and 10 abroad (seven in Argentina, two in Europe and one in Abu Dhabi in the Middle East), as well as 20 distribution centers in Brazil and 17 abroad. It currently exports its products to more than 120 countries.

Press Contact:

Corporate Communication Department of BRF

Grupo Máquina PR

Guilherme Scarance – (55 11) 3147-7433 | guilherme.scarance@grupomaquina.com

Meggy Araújo – (55 11) 3147-7233 | meggy.araujo@grupomaquina.com

Roberto Tenório – (55 11) 3147-7922 | roberto.tenorio@grupomaquina.com

Mariana Uchôa – (55 11) 3147-7258 | mariana.uchoa@grupomaquina.com