MINERVA FOODS FILES NET PROFIT OF R$ 95.4 MILLION IN THE SECOND QUARTER OF 2024
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.
Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY) ha riportato risultati finanziari solidi per il secondo trimestre del 2024. Il fatturato lordo consolidato ha raggiunto 8,2 miliardi di R$, con le esportazioni che rappresentano il 61%. L'EBITDA dell'azienda è stato di 744,6 milioni di R$, mostrando un aumento del 18,4% rispetto al trimestre precedente, con un margine EBITDA del 9,7%. Il fatturato netto è salito a 7,7 miliardi di R$, con un incremento del 6,7% rispetto al trimestre precedente e del 5,4% su base annua. Minerva Foods ha anche riportato un utile netto di 95,4 milioni di R$ per il periodo.
Il flusso di cassa libero dell'azienda per il secondo trimestre del 2024 è stato di 404,1 milioni di R$, con un notevole rendimento del flusso di cassa libero del 40% negli ultimi dodici mesi. Minerva Foods ha mantenuto la sua leadership nelle esportazioni di carne bovina dell'America del Sud, con una quota di mercato di circa il 20%. Il rapporto di indebitamento netto dell'azienda si è attestato a 2,98x alla fine di giugno, corretto per le recenti acquisizioni e i pagamenti anticipati.
Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY) reportó resultados financieros sólidos para el segundo trimestre de 2024. Los ingresos brutos consolidados alcanzaron 8,2 mil millones de R$, con las exportaciones representando el 61%. El EBITDA de la compañía fue de 744,6 millones de R$, mostrando un aumento del 18,4% con respecto al trimestre anterior, con un margen EBITDA del 9,7%. Los ingresos netos aumentaron a 7,7 mil millones de R$, un 6,7% más en comparación con el trimestre anterior y un 5,4% en comparación anual. Minerva Foods también reportó una ganancia neta de 95,4 millones de R$ para el período.
El flujo de caja libre de la compañía para el segundo trimestre de 2024 fue de 404,1 millones de R$, con un notable rendimiento de flujo de caja libre del 40% en los últimos doce meses. Minerva Foods mantuvo su liderazgo en las exportaciones de carne de res en América del Sur con una participación de mercado de aproximadamente el 20%. La relación de apalancamiento neto de la compañía se situó en 2,98x al final de junio, ajustada por adquisiciones recientes y pagos anticipados.
Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY)는 2024년 2분기에 대한 강력한 재무 결과를 보고했습니다. 콘솔리데이티드 총 수익은 82억 R$에 달했습니다, 수출이 61%를 차지합니다. 회사의 EBITDA는 7억4460만 R$이었으며, 이전 분기와 비교해 18.4% 증가했고, EBITDA 마진은 9.7%입니다. 순수익은 77억 R$로 증가했으며, 분기 대비 6.7% 및 전년 대비 5.4% 상승했습니다. Minerva Foods는 또한 해당 기간 동안 순이익이 9천540만 R$에 달했습니다.
회사의 2024년 2분기 자유 현금 흐름은 4억410만 R$이었으며, 지난 12개월간 40%의 자유 현금 흐름 수익률이 눈에 띄었습니다. Minerva Foods는 남미 소고기 수출에서 약 20%의 시장 점유율로 리더십을 유지했습니다. 회사의 순 부채 비율은 6월 말 기준으로 2.98배였으며, 최근 인수 및 선불을 고려하여 조정되었습니다.
Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY) a rapporté de solides résultats financiers pour le deuxième trimestre 2024. Le chiffre d'affaires brut consolidé a atteint 8,2 milliards de R$, les exportations représentant 61%. Le EBITDA de la société était de 744,6 millions de R$, enregistrant une augmentation de 18,4% par rapport au trimestre précédent, avec une marge EBITDA de 9,7%. Le chiffre d'affaires net a augmenté à 7,7 milliards de R$, en hausse de 6,7% par rapport au trimestre précédent et de 5,4% par rapport à l'année précédente. Minerva Foods a également signalé un bénéfice net de 95,4 millions de R$ pour la période.
Le flux de trésorerie libre de l'entreprise pour le deuxième trimestre 2024 était de 404,1 millions de R$, avec un rendement du flux de trésorerie libre de 40% sur les douze derniers mois. Minerva Foods a maintenu sa position de leader dans les exportations de viande bovine en Amérique du Sud, avec une part de marché d'environ 20%. Le ratio d'endettement net de l'entreprise était de 2,98x à la fin juin, ajusté pour les acquisitions récentes et les paiements anticipés.
Minerva Foods (B3: BEEF3 | OTC – Nasdaq International: MRVSY) hat für das zweite Quartal 2024 starke finanzielle Ergebnisse gemeldet. Der konsolidierte Bruttoumsatz erreichte 8,2 Milliarden R$, wobei Exporte 61% ausmachten. Das EBITDA des Unternehmens betrug 744,6 Millionen R$ und zeigte einen Anstieg von 18,4% im Vergleich zum vorherigen Quartal, mit einer EBITDA-Marge von 9,7%. Der Nettoumsatz stieg auf 7,7 Milliarden R$, was einem Anstieg von 6,7% im Vergleich zum Vorquartal und 5,4% im Vergleich zum Vorjahr entspricht. Minerva Foods berichtete zudem über einen Nettogewinn von 95,4 Millionen R$ für den Zeitraum.
Der freie Cashflow des Unternehmens für das zweite Quartal 2024 betrug 404,1 Millionen R$, mit einer bemerkenswerten freien Cashflow-Rendite von 40% über die letzten zwölf Monate. Minerva Foods behielt seine Führung im Export von Rindfleisch aus Südamerika mit einem Marktanteil von etwa 20%. Das Netto-Verschuldungsverhältnis des Unternehmens lag Ende Juni bei 2,98x, bereinigt um die jüngsten Übernahmen und Vorauszahlungen.
- Consolidated gross revenue reached R$ 8.2 billion in Q2 2024
- EBITDA increased by 18.4% quarter-on-quarter to R$ 744.6 million
- Net revenue rose 6.7% quarter-on-quarter and 5.4% year-on-year to R$ 7.7 billion
- Net profit increased to R$ 95.4 million in Q2 2024
- Free cash flow yield of 40% over the last twelve months
- Maintained leadership in South American beef exports with ~20% market share
- Net leverage ratio at 2.98x, indicating a moderate level of debt
EBITDA was R$ 744.6 million, and net revenue was
SÃO PAULO, Aug. 7, 2024 /PRNewswire/ -- A Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the leader in exports of fresh beef and derivatives in
Consolidated gross revenue in the second quarter of 2024 was
EBITDA in the second quarter of 2024 was
Net revenue was
Free cash flow for the second quarter of 2024, after financial expenses, Capex and working capital, was
Net leverage at the end of June, measured by the net debt/adjusted EBITDA ratio for the last 12 months, ended the quarter at 2.98x, adjusted for the pro-forma EBITDA of BPU Meat, and also for the amount of
*based on the closing price BEEF3 on 07.29.2024
About Minerva Foods
Minerva Foods is the leader in beef exports in
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SOURCE Minerva Foods
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