Results: JBS continues to grow
Results

JBS continues to grow

JBS
JBS is a Brazilian company that is the largest (by sales) meat processing company in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats.
JBS is a Brazilian company that is the largest (by sales) meat processing company in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats.

BRAZIL, Sao Paulo. JBS, one of the world's largest meat processors, continued to grow in the past calendar year. Having already achieved record sales in each of the previous two years, the internationally active group posted another increase in 2020, rising 32.1% to € 41 bn.

This is according to the latest annual report. According to the report, earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 48.7% to € 4.5 bn. in 2020. According to the company benefited in the reporting year from strong demand in China and the USA and the weakness of the Brazilian real.

Global growth

The group also continued to grow worldwide, for example through the acquisition of production units - such as the US food processor Empire Packaging - and by expanding its product range in the markets for processed products and meat substitutes, among others. The company is now represented in more than 190 countries with a total of 70 brands.

The CEO Global of JBS, Gilberto Tomazoni, cited the Corona crisis as the greatest challenge of the past year. In this, he said, the health of employees was a priority, partly to ensure "that our goal of feeding people continues to be achieved." The group also plans to make further progress on sustainability in the future. For example, it wants to have carbon-neutral production by 2040, he said. Based on scientific findings, the Group's greenhouse gas emissions should be reduced and the remaining emissions offset.

Source: AgE
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