SAO PAULO, March 23 /PRNewswire-FirstCall/ -- Perdigao's gross sales in 2008 reached R$ 13.2 billion, a growth of 69% compared with a year earlier. This result reflects good performances in domestic and export markets, both of which reported an increase in sales volume and revenue terms, combined with the consolidation of the businesses acquired by the Company.
In the period, gross profits amounted to R$ 2.8 billion, a year-on-year improvement of 47%. EBITDA reached R$ 1.2 billion, an increase of 44.4% over 2007 thanks to strict cost control -- helping to offset significant increases in raw material prices -- a reduction in expenses and a better product mix largely accounting for the 48.7% share of processed products in total sales.
Exports rose 58% in revenues and 34.8% in volume. Overseas sales were spearheaded by the meats business, which representing 97.3% of the total, with the Middle East, Far East, Eurasia and Europe, the leading export markets.
Gross sales to the domestic market reported an increase of 76.6%. Sales volume increased in all segments of the business, meats by 26.3%, dairy products, 305.7% and other processed products, 69.6%. The participation of domestic business as a percentage of total net sales was 56.3%.
NUMBERS FOR 2008
R$ million
2008 2007 % Change
Gross Sales 13,161 7,789 69%
Domestic Market 8,104 4,589 77%
Exports 5,057 3,199 58%
Net Sales 11,393 6,633 72%
Gross Profit 2,759 1,873 47%
Gross Margin 24.2% 28.2% -
EBIT 709 504 41%
Net Income 54 321 (83%)
Adjusted Net Income 155 335 (54%)
Adjusted Net Margin 1.4% 5.1% -
EBITDA 1,159 803 44%
EBITDA Margin 10.2% 12.1% -
Capex 2,396 857 179%
Earnings per share R$* 0.26 1.73 (85%)
* Consolidated Earnings per Share (in R$) excluding treasury stock
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