MINERVA FOODS REPORTS CONSOLIDATED GROSS REVENUE OF R$ 6,8 BILLION IN THE FIRST QUARTER OF 2023
EBITDA was R
SAO PAULO, May 9, 2023 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), a leader in the export of fresh beef and its derivatives in South America, and which also operates in the processed segment, informs its financial results for the first quarter of 2023 (1Q23) to the market.
Consolidated gross revenue in 1Q23 was R
EBITDA in 1Q23 was R
In 1Q23, net revenue was R
The company's net revenue totaled R
Exports accounted for 62,
Net leverage in 1Q23, measured by the Net Debt/EBITDA multiple of the last 12 months, remained stable and ended the quarter at 2,6x, after the disbursement of R
Also noteworthy is the payment of complementary dividends after approval at the Shareholders' Meeting on May 2, of R
About Minerva Foods
Minerva Foods is the leader in beef exports in South America and operates in the processed segment, selling its products to more than 100 countries. In addition to Brazil, Minerva Foods is present in Paraguay, Argentina, Uruguay, Colombia, and has plants specialized in lamb in Australia, totaling more than 20,000 employees. The company serves five continents with beef, lamb, and derivatives and currently operates 32 industrial units, 12 international offices, and 14 distribution centers.
Press Contacts:
Paola Souza
(+55) 11 96995-0110
paola.souza@giusticom.com.br
Vanessa Oliveira
(+55) 11 99816-0627
vanessa.oliveira@giusticom.com.br
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SOURCE Minerva Foods