MADRID, 22 Mar. (EUROPA PRESS) –
The shares of the Brazilian meat group JBS recorded a rise of 2.82% in the session on Tuesday after the presentation of its results in 2021, when the company recorded an attributable net profit of 20,486 million reais (3,774 million euros) , which is more than quadruple the earnings of the previous year.
The company’s shares are listed on the Brazilian Bovespa at a price of 38.69 reais, compared to 37.63 at the previous close.
The higher profits in 2021 are mainly explained by a strong boost in billing, which closed the year with a total of 350,695 million Brazilian reais (64,637 million euros), 29.8% more than the previous year.
All segments and subsidiaries of the group posted double-digit growth during the year. The subsidiary Seara (+36.6%) was the one that grew the most, followed by the meat business in the United States (+30.7%) and its subsidiary PPC (+28%).
In operating terms, the company’s adjusted gross operating profit (Ebitda) increased by 54.5% last year, to 45,662 million reais (8,404 million euros), with a margin on sales of 13%, which which is 2.1 percentage points more than in the 2020 financial year.
In the fourth quarter, the group’s turnover grew by 27.8% year-on-year, to 97,200 million reais (17,881 million euros), while net profit increased by 61% compared to the same period of the previous year , up to 6,473 million reais (1,190 million euros).