Brasil Foods, the company created through the 2009 merger between Brazilian food makers Perdigao and Sadia, has posted higher second-quarter profits on the back of rising sales.

The group, which has integrated part of Perdigao and Sadia’s operations but is still awaiting full regulatory clearance for the merger, on Friday (13 August) booked a 2% increase in net income to BRL132m (US$74.5m).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Reported net sales more than doubled to BRL5.53bn, although pro-forma net sales climbed 5%.

Gross sales in Brazil climbed 8% when measured on a pro-forma basis to BRL3.88bn. Export sales dipped from BRL2.44bn to BRL2.43bn.

In a joint statement, co-chairmen Luiz Fernando Furlan and Nildemar Secches said Brasil Foods’ “good performance” confirmed “the gradual and consistent recovery … for the main markets in which the company operates”.

See Also:

In June, the Brazilian Finance Ministry recommended that Cade, the country’s anti-trust body, approve the creation of Brasil Foods with certain restrictions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Reflecting on the investigation into the deal as Brasil Foods posted its second-quarter numbers, Furlan and Secches said the company remains “convinced” that the deal can be approved “without qualification”.

“The company sees the operation as both pro-competition and also as reinforcing Brazil’s penetration and competitiveness in export markets,” Furlan and Secches said. “BRF remains confident that Cade will fully approve the operation in view of the absence in Brazil of any significant entry barriers, the existence of intense market rivalry and the potential for capturing major synergies and efficiencies.”

Brasil Foods’ management has begun to bring together parts of Perdigao and Sadia, including cash and liability management, as well as sales and marketing.