JBS has a 7.7 percent increase in net revenue in 2Q22
The more favorable performance of Seara and Pilgrim's Pride, as well as the recovery in beef margins in Brazil and Australia boosted JBS's global results in the second quarter of 2022. The Company recorded a 7.7% increase in its net revenue compared to the same period in 2021, to R$92.2 billion (1 R$ - 0,19 Euro). The company ended the quarter with a net profit of R$ 4 billion.
"This quarter was important to prove, once again, the success of our strategy of geographic and protein diversification. We were able to prepare for the turning point of the beef cycle in the US and we maintained a strong result, thanks to our relevant participation in all the main types of protein and our presence in the main consumer markets, in addition to our strong brand", highlights Gilberto Tomazoni, Global CEO of JBS.
The result of the Pilgrim's Pride business grew significantly, with net revenue of R$22.8 billion, thanks to increased demand for poultry, especially in the United States and Mexico, with the resumption of foodservice and the consolidation of retail demand for value-added products and ready-to-eat dishes. JBS USA Beef's performance continued to be healthy, with net revenue of R$27.2 billion and profitability above historical levels.
In turn, JBS Australia entered a more positive cycle, with an increase in cattle supply, although prices remain high. JBS Australia's business margin went from 4.4% to 6.3% year on year.
The company's results in Brazil are also expanding and have increased their importance in the sum of global numbers. JBS Brasil, which brings together the beef business in the country, had net revenue of R$ 14.1 billion, with the capture of growth potential with the greater availability of raw materials and the result of actions to retain key customers for the business. Led by Friboi, JBS Brasil saw its margin jump from 3.4% to 5.7% in the comparison between the second quarter of 2022 and the same period of 2021.
Seara also presented an expressive performance in the second quarter of 2022. The business margin grew from 9.0% to 14.1% in the annual comparison, reaching the third best margin in its history. This result is the result of careful management of the product mix, consolidating the company as synonymous with quality in the domestic market, and capturing opportunities in the foreign market, with access to important consuming countries.
In the domestic market, Seara has expanded its market share in important segments, especially in value-added products and ready-to-eat meals. Today, the company is among the five most chosen brands by Brazilian consumers, according to the tenth edition of the Brand Footprint Brasil 2022, a ranking prepared by Kantar and published in April this year.
In the foreign market, Seara has been consolidating its position as a global leader in the export of chickens and one of the main players in the commercialization of pigs. Thanks to this condition, the company has been expanding its presence in key markets, such as Europe and the Middle East, and obtaining new qualifications to expand access to relevant centers, such as the United States and Mexico. In the second quarter of 2022, Seara recorded net revenue of R$ 10.7 billion.
Last week, the company announced the acquisition of a processing plant in Henan Province, China. ...
When a shareholder in Danish Crown reads the annual accounts and at the same time looks at the se...
AHDB carried out this analysis to understand how cattle and sheep supplies may change in the...
