The two large Brazilian meat producers are in good health. JBS and Marfrig both had very positive performances in the second quarter of 2019: both sales and profits taking flight, to push revenue up.
JBS closed the 2nd quarter of the year with a record-high EBITDA: about 1.25 billion USD. Net sales, that reached 12.5 billion USD, showed a 12.5% increment over the same period of the previous year. “We are happy to announce that these record results reflect the success of our strategy, the business’ operational excellence and the executive capacities of our team”, stated Gilberto Tomazoni, CEO of JBS Global. JBS Brasil, subsidiary of the former, also adds the results of Couros to its own, and together they have closed the quarter at 1.8 billion USD: +15%.
During the second quarter of the year, Marfrig sold goods for circa 3 billion USD (about 2.7 billion euro), equal to a 10% increase over the same period of the previous year. The company’s management has stated to be “particularly satisfied” by the contribution of the North American market, which now includes the business done by National Beef (recently acquired) and its Leathers division: +10.2% for a value of 2.2 billion USD, or about 70% of the group’s total turnover.