For the third consecutive year, the company was listed in the 2022/2023 Corporate Sustainability Index (ISE)
Minerva Foods a leader in the export of fresh beef and cattle byproducts in South America, and which also operates in the processed segment, informs its annual results related to 2022.
Consolidated gross revenue for the year was R$ 32,9 billion, up by 15 per cent year on year, with exports reaching approximately 70 per cent of revenue, reinforcing Minerva Foods’ leadership in beef exports in South America with a market share of approximately 20 per cent.
EBITDA, in turn, was R$ 2,8 billion in 2022, up by 17,6 per cent year on year, with an EBITDA margin of 9,2 per cent. Adjusted EBITDA, covering the performance of the Australian Lamb Company (ALC) acquisition at the end of the year, totalled R$ 31 billion.
Another highlight was net income, which totalled R$ 655 million in the year, up by approximately 10 per cent in 2021.
Net leverage, adjusted for the acquisition of ALC (Australian Lamb Company) by 2,15x Net Debt/EBITDA, reached the lowest level since 2007. Cash generation was R$ 647 million in the year. In the last five years, Minerva Foods generated a significant R$ 5 billion in free cash flow.
For the third consecutive year, the company was listed in the 2022/2023 Corporate Sustainability Index (ISE) and the Efficient Carbon Index (ICO2), and for the first year, it was listed in the 2022/2023 CDP Brazil Climate Resilience Index (ICDPR70). All three indexes are present in the Brazilian stock exchange, B3.
