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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

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.

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