BRF, the Brazilian meat giant, booked a 56.4% jump in 2014 operating earnings thanks to improved efficiency. 

EBITDA rose to BRL4.71bn (US$1.62bn) versus BRL3bn in 2013, the company said. Operating profit growth was driven by lower administrative expenses. BRF has worked to reduce the complexity of its organisation and this resulted in margin growth in 2014. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

BRF more than doubled its net income in 2014 to BRL2.2bn, an increase of 109.4% over the same period last year. Higher financial income and debt reduction initiatives lifted the bottom line. 

Sales were also up in the year. Revenue, excluding BRF's dairy business which has been sold to Lactalis, increased 4.4% in 2014 reaching BRL29bn, compared to BRL27.8bn in 2013. The company said sales growth was the result of higher selling prices in Brazil and internationally as well as volume growth in foodservice. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now