Meat&Poultry - April 2012 - 16

Success is a Matter of System

Business Notes

JBS Q4 earnings advance despite Pilgrim’s Pride loss
JBS SA reported consolidated net revenue of R61.8 billion (US$33.8 billion) for 2011, a 12 percent increase over the year-ago period. However, JBS SA’s fourth-quarter profit fell short of analysts’ estimates due to rising feed costs that hurt gains at Pilgrim’s Pride. Net income was R25.6 million (US$14 million) compared to a loss of R67.5 million (US$37 million) in 2010. Consolidated net revenue was up sharply in the quarter to R16.9 billion (US$9.3 billion), an increase of 18.3 percent over the year-ago period due to record beef and pork prices. EBITDA for the quarter was R940.6 million (US$550.9 million), up 8.6 percent.

Maximizing Proﬁts with CSB-System Software Solutions
With more than 34 years of experience, CSBSystem is the leading provider of innovative software solutions for the protein industry. Our industry speciﬁc fully integrated solutions provide our global client base with long-lasting competitive advantages by increasing efﬁciency, reducing costs and maximizing proﬁts.
ry & 12 AMI Meat, Poult Visit us at the 20 d Exposition Convention an Seafood Industry Center Dallas Convention Dallas, TX USA May 1-3, 2012 Booth #3013

“As we look back at 2011 we can draw some relevant conclusions regarding the performance of JBS such as the fact that we surpassed R60 billion [US$32.9 billion] in net revenue,” said Wesley Batista, CEO of JBS SA. “Last year, our attention continued to be focused on integrating the relevant acquisitions we made over the last number of years. Nonetheless, we had expressive organic growth in the order of 13 percent and we generated positive operating cash in excess of R600 million [US$328.5 million] last year reverting a negative operating cash flow in 2010. “All our business units significantly outperformed 2010 with the exception of Pilgrim’s Pride Corporation, our US chicken business, which suffered under the influence of an odd year for the sector in the US,” he added.
Batista

On a segment basis: • JBS USA Beef, including Australia, recorded reve-

Integrated. Pre-Conﬁgured. Tailored to your Business.
CSB-System software provides resources for: Traceability and Recall Management Scale, Labelling and Scanning Solutions Yield Management and Product Costing Gross Margin Analysis Inventory Management Systems Batch Processing Management Livestock Solutions Enterprise Resource Planning Take advantage of our expertise - contact us in order to learn more about our state-of-the-art software solutions for the protein industry.

nue of US$16.5 billion in the year, an increase of 25.6 percent over 2010. The EBITDA was US$739.1 million, up 11.4 percent compared to 2010. • JBS USA Pork unit net revenue totaled US$3.5 billion, 17.5 percent higher compared to 2010. The EBITDA was US$338.2 million, an increase of 22.2 percent compared to the year-ago period. • JBS Mercosul posted net revenue of R14.9 billion, an increase of 11.9 percent year over year. The EBITDA increased 23.9 percent over the same period and was R1.6 billion. “Regarding Pilgrim’s, we made a decision to realign our business strategy and the results can be seen in the form of a more lean and agile fi rm fast advancing towards operational excellence,” Batista said. “And although there is more to be done, we can already see the results of our efforts. “In the last quarter of 2011, our PPC chicken business maintained revenues at above US$1.8 million while EBITDA showed considerable improvement coming in at over US$22 million and that compared with the negative EBITDA of above US$31 million the previous quarter. A negative EBITDA margin of 1.7 percent in 3Q11 turned 1.2 percent positive in the last quarter,” he added. ■
www.MeatPoultry.com

CSB-System International, Inc. USA Contact us: (800) 852-9977 contactus@csb-system.com 2012 • 16 • Meat&Poultry • April www.csb-system.com

http://www.csb-system.com

Meat&Poultry - April 2012

Table of Contents for the Digital Edition of Meat&Poultry - April 2012