São Paulo – The share of African and Middle Eastern countries in sales by the meat packing company JBS decreased in 2013 from 2012. Still, the Middle East and Africa were the third leading export target for the company, and revenues from sales to the region grew.
According to the 2013 and quarter four balance sheets released by JBS last Monday evening (24th), exports stood at US$ 11.7 billion in 2013, up 19.6% from the prior year. Sales to Arab and African countries stood at US$ 1.152 billion last year, up 17.2% from US$ 983.2 million shipped to those countries in 2012. Despite the increased revenues, the share of Arabs in total sales dropped to 9.8% in 2013 from 10% in 2012.
In 2013, China was the leading buyer of JBS products. Alongside Hong Kong, the country imported 21% of all JBS exports. Next on the list were Mexico (14.4%), Africa and the Me (9.8%), Japan (7.9%), the European Union (6%), Russia (5.7%), South Korea (4.8%), Venezuela (4.4%), Canada (3.4%) and Chile (2.6%).
Annual performance
In 2013, JBS posted R$ 92.9 billion in revenues (US$ 39.8 billion), up 22.7% from 2012. Net income stood at R$ 926.9 million (US$ 397.4 million), up 28.9% from 2012. Ebitda – earnings before interest, taxes, depreciation and amortization was up 60% in 2013 to R$ 1.87 billion (US$ 801.8 million).
*Translated by Gabriel Pomerancblum
