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BRF, One of the Largest Food Companies in the World, Closed the Fourth Quarter of 2022 (4Q22) With Strong Performance. Net Revenue Reached R$ 14.8 Billion, 7.6% Higher Than the Same Period in 2021 (4Q21) and 5.1% Above the Third Quarter (3Q22).
The sales volume of BRF also grew 1.9% compared to the previous year and 5.7% in 3Q22. However, operational cash flow increased by 60%. Adjusted EBITDA reached R$ 1.03 billion and a margin of 7%, but resulting in a negative net income of R$ -601 million disregarding external factors.
Regarding the entire year, net revenue totaled R$ 53.8 billion – 11.3% higher than in 2021 – while Adjusted EBITDA amounted to R$ 3.9 billion with a margin of 5.3%. The CEO of BRF stated that improvements in operational indicators had a significant positive impact on the company.
These improvements include reductions in costs through a review of logistics efficiency and transportation, distribution, and energy contracts. This allowed the Company to achieve a financial result from the repurchase of international bonds amounting to R$ 276 million.
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BRF, a Brazilian Multinational Food Company, Announced Its Results for the Fourth Quarter of 2022, Which Were Extremely Positive.
The Company had an operational cash generation of R$ 1.3 billion, an investment flow close to R$ 900 million, and R$ 515 million in financial flow without foreign exchange effects, totaling a free cash consumption of R$ 16 million.
Despite the Covid-19 pandemic, BRF managed to achieve significant accomplishments in both international and national markets. In Brazil, the Company experienced revenue growth influenced by better commercial execution and celebration campaigns.
In the international division, BRF obtained qualifications for shipping goods to countries such as Mexico, China, Japan, the USA, Canada, and Singapore. Therefore, BRF also expanded its customer base by 3.7%, adding over nine thousand active clients. The Ingredients and pet food segments reported combined revenue of R$ 681 million, and both segments experienced nearly 34% growth during 2022. Lastly, the Company also achieved 100% traceability of direct grain suppliers from the Amazon and Cerrado biomes.
Miguel Gularte concluded the announcement by stating, “We will continue to strive to consistently maximize results throughout the year and work simply to capture greater competitiveness and opportunities.” With these impressive results, it is possible to affirm that BRF was able to overcome last year’s adversities with great success.
BRF, one of the largest food companies in the world, announced its presence in 127 countries. Its purpose is to offer tasty and practical foods that promote better living for everyone, from the farm to the table. Its iconic brands such as Sadia, Perdigão, and Qualy are based on fundamental commitments to safety, quality, and integrity.
The BRF is focused on creating value for its 90,000 employees, 300,000 customers, and about 10,000 team members in Brazil. It also seeks to promote a bright future for its shareholders and society with its long-term vision-based strategy.
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