BRF posts net income of R$461 million in 1Q15

SAO PAULO, April 28, 2015 /PRNewswire/ -- BRF, one of leading exporters of animal protein in the world, posted net income of R$461.6 million in the first quarter of 2015, an increase of 42.8% from 1Q14, with margin of 6.5%, as against 4.8% in the previous year. Consolidated EBITDA reached R$951.1 million, up 11.2%, with EBITDA margin of 13.5%, up 0.7 p.p. in the same period. If there was an adjustment for the non-recurring items in the quarter, EBITDA would be R$1,155.0 million, with an EBITDA margin of 16.4%.

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Simplified cash flow was R$1.1 billion in 1Q15, for a total of R$4.1 billion in the last 12 months, increasing 57.8% year-on-year. Net debt/EBITDA (last twelve months), which had been falling for a year, stood at 1.26, compared to 1.04 in 4Q14, reflecting the effects of exchange variation.  Consolidated net operating revenue (NOR) totaled R$7.0 billion, up 5.1% year on year, driven by an average price increase in Brazilian real of 13.3% and by the positive results in Brazil, Middle East/Africa and Asia.

In a challenging domestic and global scenario, our results underline the Company's strength and reflect the structural and strategic changes made over the last two years, which were intensified in early 2015 with the reorganization of the Company's management, which is now more decentralized, with greater decision-making power at business points and an increasingly greater focus on the consumer. 

1^st QUARTER 2015 NUMBERS 

R$ million

SOURCE BRF