Perdigao Reports Increase in Net Income of 174% in 2007
25 Februar 2008 - 10:40PM
PR Newswire (US)
New businesses contributed to the Company's good operational
performance SAO PAULO, Brazil, Feb. 25 /PRNewswire-FirstCall/ --
Perdigao ended 2007 reporting gross sales of R$ 7.8 billion, 27.6%
more than recorded in the preceding year. Net income posted an
increase of 174% to R$ 321.3 million. The results were boosted by
good performance in the domestic and export markets, gains in scale
and productivity, as well as an increased participation of 53% of
processed products as a percentage of the Company's total net
sales. These factors, combined with the full integration of
Batavia's dairy- processed products, and the margarine and beef
businesses acquired during the year, resulted in growth of 27.3% in
net sales to R$ 6.6 billion in 2007. Exports accounted for 47.5% of
net sales and domestic market, 52.5%. In spite of the appreciation
of the Real in relation to the US dollar and the increase in grain
prices, growth in export revenues was 30%, reflecting stronger
international demand that increased sales volumes of meats by 18.6%
and other processed products by 67.3%. Domestic market revenue
increased 25.9% compared with 2006, driven by sales revenue from
activities in the meat segment and by an increase of 71.4% in
volume of dairy-processed products and 84% for other processed
products. Gross profits increased 39.4%, totaling R$ 1.9 billion.
EBITDA (operating profit before financial expenses, taxes and
depreciation) in the period reached R$ 802.7 million, a
year-on-year increase of 76.1%, and equivalent to a 12.1% margin, a
gain of 340 basis points against the preceding fiscal year. In
2007, Perdigao's capital expenditures totaled R$ 857.4 million,
34.6% higher than 2006. Of this total, 41% was allocated to
acquisitions (excluding the Eleva acquisition) and the remainder to
new projects and production lines, to the conclusion of the
Mineiros Agro-Industrial Complex in the state of Goias and to
improvements in productivity. NUMBERS FOR 2007 R$ million 2007 2006
% Change Gross Sales 7,788.6 6,106.0 27.6 Domestic Market 4,589.2
3,644.5 25.9 Exports 3,199.4 2,461.4 30.0 Net Sales 6,633.4 5,209.8
27.3 Gross Profits 1,873.3 1,344.1 39.4 EBIT 503.9 191.4 163.3 Net
Income 321.3 117.3 174.0 EBITDA 802.7 455.8 76.1 Capex 857.4 636.9
34.6 Earnings per share R$* 1.73 0.71 144.5 * Consolidated Earnings
per Share (in R$), excluding treasury shares DATASOURCE: Perdigao
S.A. Contact: Investors, Edina Biava, Perdigao,
+011-55-11-3718-5465, Web site: http://www.perdigao.com.br/
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