JBS SA announced fourth quarter results

by Editor fleischwirtschaft.com
Tuesday, March 09, 2010

 JBS S.A, São Paulo, the global leading producer of animal protein announces its results for the fourth quarter (4Q09) and for the full year of 2009.

Because of the acquisition of Pilgrim’s Pride and Bertin near the end of 2009, JBS is also presenting the consolidated results pro forma including Bertin, Pilgrim’s Pride, and JBS as of 31st of December 2009.

The results are:

- Net Profit of R$127.9 million in 4Q09.

- Net Revenue for 2009 was R$34,311.8 million, representing a 13.1% increase y-o-y.

- In 4Q09 the consolidated EBITDA increased 49.6% compared to 4Q08, from R$265.9 million to R$397.8 million. The consolidated EBITDA margin was 5.4% for the period, compared with 2.8% for 4Q08.

- Completion of the Bertin S.A. Merger and the acquisition of a controlling interest in Pilgrim’s Pride Corporation.

- A pro forma Net Revenue of R$55,223.6 million, 82.0% higher than 2008.

- EBITDA pro forma of R$3,058.0 million in 2009, increase of 164.5%.

JBS finished the year 2009 with the growth revenue of 13.1% when compared to the prior year, mainly due to the completion of the acquisition of Smithfield Beef near the end of 2008, partially offset by the deteriorating market conditions caused by the global crisis, and a consequent reduction of sale prices in the beef and Pork operations of the USA.