Marfrig's Net Revenue Grows by 56.8% in 2007
March 06 2008 - 6:20AM
PR Newswire (US)
SAO PAULO, Brazil, March 6 /PRNewswire-FirstCall/ -- Marfrig
Frigorificos e Comercio de Alimentos S.A. (Bovespa's Novo Mercado:
MRFG3), one of the largest producers of beef and beef products in
Latin America, announces today its results for the 4Q07 and full
year of 2007. Highlights of the Period Gross revenue reached in
2007 R$ 3,726.2 million 55.8% up compared to R$ 2,391.0 million in
2006. In the 4Q07, gross revenue stood at R$ 1,207.8 million, 48.1%
up on the 4Q06 and 33.9% up on the 3Q07. Net revenue totaled R$
3,339.9 million in 2007, 56.8% higher than in 2006 (R$ 2,130.5
million). In the 4Q07, revenue stood at R$ 1,089.9 million, 54.0%
up on the R$ 707.9 million recorded in the 4Q06 and 34.4% up on the
R$ 810.9 million recorded in the 3Q07. Operating expenses in 2007
(selling, general and administrative) grew by 68.3%, to R$ 323.3
million, versus R$ 192.1 million in 2006. In the 4Q07, operating
expenses as a percentage of net revenue was 9.3% (R$ 100.9
million), versus 9.7% in the 4Q06 (R$ 68.3 million) and 8.8% in the
3Q07 (R$ 71.8 million). EBITDA totaled R$ 380.2 million in 2007,
53.5% higher than 2006 figure (R$ 247.7 million). In the 4Q07,
EBITDA reached R$ 123.4 million, 14.1% up on the R$ 108.1 million
recorded on the 4Q06 and 37.7% up on the R$ 89.6 million recorded
in the 3Q07. The EBITDA margin stood at 11.4%, 20 basis points down
on the 11.6% recorded in 2006. In the 4Q07, the EBITDA margin came
to 11.3%, versus 11.0% in the 3Q07 and 15.3% in the 4Q06. Net
income rose by 32.1%, from R$ 64.3 million in 2006 to R$ 84.9
million in 2007. In the 4Q07, net income stood at R$ 26.3 million,
20.2% down on the 4Q06 (R$ 32.9 million) and 17.1% down on the 3Q07
(R$ 31.7 million). The complete version of the release is available
at http://www.marfrig.com.br/ir Conference Calls March 7, 2008 In
English 10:00 am (US EST) / 12:00 pm (Brasilia) Dial in: (1 973)
935-8893 Conference ID: 37196062 In Portuguese 8:00 am (US EST) /
10:00 am (Brasilia) Dial in: (55 11) 2188-0188 Conference ID:
Marfrig DATASOURCE: Marfrig Frigorificos e Comercio de Alimentos
S.A. CONTACT: Investor Relations, Ricardo Florence, or Remi Kaiber
Junior, both of Marfrig, , +55-11-3093-4700 Web site:
http://www.marfrig.com.br/ir
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