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BRF, one of the largest food companies in the world, closed the fourth quarter of 2022 (4Q22) with a strong performance. Net revenue totaled R＄14,8 billion, 7,6% higher than the same period in 2021 (4Q21) and 5,1% higher than the third quarter (3Q22).
The sales volume of BRF also grew 1,9% compared to the previous year and 5,7% in 3Q22. However, operating cash flow increased by 60%. Adjusted Ebitda reached R＄ 1,03 billion and margin of 7%, but resulting in a negative net result of R＄ -601 million excluding external factors.
With regard to the full year, net revenue amounted to R＄ 53,8 billion – 11,3% higher than in 2021 – while Adjusted Ebitda reached R＄ 3,9 billion with margin of 5,3%. The CEO of BRF stated that the improvements in operational indicators had a significant positive impact on the company.
These improvements include cost reductions through the review of logistical efficiency and transportation, distribution and energy contracts. This allowed the Company to obtain a financial result from the repurchase of international bonds in the order of R＄ 276 million.
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BRF, the Brazilian food multinational, announced its results for the fourth quarter of 2022, which were extremely positive.
The Company had an operating cash flow of R＄ 1,3 billion, an investment flow close to R＄ 900 million and R＄ 515 million in financial flow without exchange effects, totaling a free cash consumption of R$ 16 million.
Despite the Covid-19 pandemic, BRF managed to record significant achievements in the international and national market. In Brazil, the Company saw growth in its net revenue, which was influenced by better commercial executions and the commemoration campaign.
In the international division, the BRF obtained licenses to send goods to countries such as Mexico, China, Japan, USA, Canada and Singapore. Therefore, the BRF it also expanded its customer base by 3,7%, adding more than nine thousand active customers. The Ingredients and pet food segments reported joint revenue of R＄ 681 million and the two segments expanded by almost 34% during 2022. Finally, the Company also achieved 100% traceability of direct grain suppliers from the Amazon and Cerrado biomes .
Miguel Gularte ended the announcement by stating that “we will remain committed to consistently maximizing results during the year and simply working to capture greater competitiveness and opportunities”. With these impressive results, it is possible to state that the 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 a better life for everyone, from the farm to the table. Its iconic brands like Sadia, Perdigão and Qualy are grounded in our fundamental commitments to safety, quality and integrity.
A BRF is focused on creating value for its 90 employees, 300 customers and around 10 Members in Brazil. It also seeks to promote a bright future for its shareholders and society with its strategy based on a long-term vision.
