Brazilian beef packer Minerva has shrugged off EU beef import restrictions and posted a jump in first-quarter revenue.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company said it had redirected its beef exports to other markets, pointing to a 7.4% rise in fresh beef shipments. Group revenue climbed 51% to BRL461.7m (US$278.4m).


Rising sales at home and abroad boosted earnings. Minerva’s EBITDA rose by over a third to BRL36.2m during the quarter.


CEO Fernando Galletti de Queiroz hailed an “excellent performance” and the company’s export base.


“Minerva’s growth does not depend on Europe,” Queiroz said. “This is proven by the fact that we did not lose market share in the export market in the quarter. In fact, our market share grew in the quarters in question. In March, our exports exceeded January’s record level.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now