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MINERVA SA S/ADR - MRVSY STOCK NEWS

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Minerva Foods (Minerva S.A.) is a key player in the South American market, excelling in the export of fresh beef and its derivatives. Recently, the company completed the acquisition of Marfrig's plants in South America, strengthening its position and expanding its capacity significantly. With a focus on beef and lamb production, Minerva Foods operates across multiple countries, serving international markets with premium quality products. The company's strategic moves, commitment to sustainability, and financial performance solidify its standing as a leader in the global protein industry.

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Minerva Foods reported strong financial results for Q3 2024, with net profit of R$ 94.1 million. The company achieved record quarterly net revenue of R$ 8.5 billion, up 11% quarter-over-quarter and 20% year-over-year. EBITDA reached R$ 813 million with a 9.6% margin. Exports represented 60% of gross revenue, maintaining the company's leadership in South American beef exports with 20% market share. Free cash flow was R$ 667.3 million in Q3. The company completed acquisition of Marfrig South America's assets, expanding to 46 industrial units with increased daily slaughter capacity.

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Minerva Foods has completed the acquisition of Marfrig assets in Brazil, Chile, and Argentina, following approval from Brazil's antitrust authority. The transaction includes 13 slaughter and deboning plants for cattle and sheep in Brazil, one cattle plant in Argentina, and a lamb plant in Chile, plus a distribution center. This expansion increases Minerva's daily slaughter capacity to 22,336 head in Brazil and 5,978 head in Argentina. The deal, valued at approximately R$7.5 billion, positions Minerva as the second-largest beef producer in South America and the leading beef supplier to China. Three additional plants in Uruguay are pending regulatory approval.

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Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY) reported strong financial results for Q2 2024. Consolidated gross revenue reached R$ 8.2 billion, with exports accounting for 61%. The company's EBITDA was R$ 744.6 million, showing an 18.4% increase from the previous quarter, with a 9.7% EBITDA margin. Net revenue rose to R$ 7.7 billion, up 6.7% quarter-on-quarter and 5.4% year-on-year. Minerva Foods also reported a net profit of R$ 95.4 million for the period.

The company's free cash flow for Q2 2024 was R$ 404.1 million, with a notable free cash flow yield of 40% over the last twelve months. Minerva Foods maintained its leadership in South American beef exports with a market share of approximately 20%. The company's net leverage ratio stood at 2.98x at the end of June, adjusted for recent acquisitions and prepayments.

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Minerva Foods, the leading South American beef exporter, reported a consolidated gross revenue of BRL 7.7 billion in the first quarter of 2024. The company's EBITDA reached BRL 628.9 million, with a free cash flow of BRL 367 million for the period. Minerva Foods also highlighted its sustainability achievements, including monitoring 100% of its direct supplier farms in Argentina and ranking among the top ten best-rated companies in Brazil for its environmental initiatives.

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Minerva Foods reports strong financial performance in 2023 with significant free cash flow generation and revenue growth.
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Minerva Foods (BEEF3 | MRVSY) reports strong financial performance in Q3 2023, with Free Cash Flow reaching BRL 608.1 million and BRL 1.2 billion in the last 12 months. EBITDA for Q3 2023 was BRL 713.1 million, with a 10.1% margin. Net Profit increased by 16.8% to BRL 141 million compared to the previous quarter.
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Minerva Foods acquires cattle and lamb slaughter and deboning plants from Marfrig in South America
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Minerva Foods reported strong annual results for 2022, with consolidated gross revenue of R$ 32.9 billion, a 15% increase from the previous year. Exports contributed to approximately 70% of total revenue, solidifying its position as a leading beef exporter in South America with a 20% market share. The company achieved an EBITDA of R$ 2.8 billion and a net income of R$ 655 million, both reflecting year-on-year growth. Additionally, adjusted EBITDA reached R$ 3.1 billion. For shareholders, Minerva proposes dividends totaling R$ 336.7 million, maintaining a payout exceeding 50%. Net leverage was reported at 2.15x, the lowest since 2007.

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Minerva Foods reported strong results for 3Q22, revealing a record EBITDA of R$ 806.2 million, a 24.4% increase from the previous year, with a margin of 9.6%. The company's net revenue grew to R$ 8.4 billion, up 14.5% year-on-year. Free Cash Flow was positive at R$ 601 million, contributing to an accumulation of over R$ 4.5 billion since 2019. The Net Debt/EBITDA ratio improved to 2.18x, the lowest since 2008, reflecting a solid capital structure. The company also paid dividends of R$ 128.1 million in August.

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FAQ

What is the current stock price of MINERVA SA S/ADR (MRVSY)?

The current stock price of MINERVA SA S/ADR (MRVSY) is $3.35 as of December 23, 2024.

What is the market cap of MINERVA SA S/ADR (MRVSY)?

The market cap of MINERVA SA S/ADR (MRVSY) is approximately 591.1M.

What is Minerva Foods known for?

Minerva Foods is renowned for its expertise in exporting fresh beef and derivatives, operating as a key player in the South American market.

What recent acquisition has strengthened Minerva Foods' position?

The recent acquisition of Marfrig's plants in South America has significantly expanded Minerva Foods' capacity and operational reach.

In which countries does Minerva Foods operate?

Minerva Foods operates in Brazil, Paraguay, Argentina, Uruguay, Colombia, and has specialized lamb plants in Australia, catering to international markets.

What sets Minerva Foods apart in the global protein industry?

Minerva Foods stands out for its strategic moves, focus on premium beef and lamb production, commitment to sustainability, and exceptional financial performance, securing its position as a leader in the global protein industry.

What is Minerva Foods' EBITDA margin in 2023?

In 2023, Minerva Foods reported an EBITDA margin of 9.5%, showcasing its strong operational efficiency and financial performance.

How does Minerva Foods contribute to sustainable practices?

Minerva Foods is committed to sustainability, monitoring direct supplier farms, achieving renewable energy certifications, and ranking among the top companies in Brazil for their approach to mitigating deforestation and human rights abuses.

What is Minerva Foods' market share in beef exports?

Minerva Foods holds approximately 20% market share in beef exports in South America, reaffirming its leadership position in the industry.

What is the free cash flow yield of Minerva Foods?

The free cash flow yield of Minerva Foods is 35% annually, reflecting the company's robust financial performance and cash generation capabilities.

How many industrial units does Minerva Foods operate currently?

Minerva Foods currently operates 33 industrial units, 17 international offices, and 14 distribution centers, facilitating its global operations and market presence.

What recent achievement has Minerva Foods celebrated?

Minerva Foods achieved an important milestone by monitoring 100% of its direct supplier farms in Argentina, showcasing its commitment to sustainability and responsible sourcing practices.

MINERVA SA S/ADR

OTC:MRVSY

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591.07M
146.70M
0%
Farm Products
Consumer Defensive
Link
United States of America
Barretos