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Stock impact report

MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023 [Yahoo! Finance]

MINERVA SA S/ADR (MRVSY) 
NASDAQ:AMEX Investor Relations: ir.minerva.ind.br
Company Research Source: Yahoo! Finance
SÃO PAULO March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023. In 2023, recurring Free Cash Flow, adjusted by the acquisitions of Australia Lamb Company (ALC) and BPU Meat ( Uruguay ), totaled R$ 535,7 million . Free cash flow in the fourth quarter 2023 (4Q23), after Financial Expenses, Capex, Working Capital and adjusted for the disbursement related to the acquisition of ALC in the period, totaled R$ 149,2 million . Since 2018, the Company's free cash generation has totaled R$ 6,5 billion Consolidated Gross Revenue totaled R$ 28,6 billion in 2023, with exports reaching 65% of revenue. In 4Q23, it totaled R$ 6,5 billion , with exports accounting for 67,2% of revenues, reinforcing the position of Minerva Foods as the leading beef exporter in S Show less Read more
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