Brazilian dairy group Vigor Alimentos benefited from its strategy to focus on value-added dairy and spread products in the third quarter of the year, with EBITDA rising by almost one half.

Vigor said EBITDA totalled BRL86.2m (US$33.7m), up 47.1% on the year. The group said its EBITDA margin rose 1.4 percentage points, climbing to 7.5% of sales. Net income increased 19.9%, climbing to BRL29.9m in the three months to 30 September.

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The company said its result was boosted by a focus on higher-value products and an increase in sales. Revenue rose to BRL11.5bn, up 19.2% on last year.

“Vigor continues its strategy of consolidating markets where it already has a strong presence, combined with geographic expansion into new regions through strategic categories and the continued focus on innovation processes,” CEO Gilberto Xandó said.

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