Business: BRF on course for success
Business

BRF on course for success

BRF
BRF draws a positive balance for the year 2019.
BRF draws a positive balance for the year 2019.

BRAZIL, Sao Paulo. Among other things, good business in China has given the globally active Brazilian food group BRF S.A. a very successful year 2019.

BRF was able to increase its 2019 sales by eleven percent to € 6.15 mill. This is the result of a management report of the group. Earnings before interest, taxes, depreciation and amortization (EBITDA) even increased by 116% to € 977,816.

Although BRF S.A. also recorded increases in Brazil, these were particularly high on the global market. Here, net sales in 2019 rose by 14% to € 2.74 mill. and EBITDA by 159% to € 426,416.

The Group cited the increased demand for protein in China due to the outbreak of African swine fever (ASP) as the main driver of this upward trend. In the fourth quarter of 2019, 200,000 t were sold there in volume terms, around 17% more than in the same period last year. In addition, prices in the region have risen sharply. But not only the financial result of BRF S.A. was excellent in 2019, the group emphasized.

Important successes were also achieved in the areas of product development, marketing and corporate management. The company is now well prepared to face future challenges and to take advantage of opportunities. In 2018, the Brazilian meat company had suffered greatly from the doubts of international customers about food safety in the South American country.

Source: BRF; AgE
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