Perdigao: Third Quarter Indicates Tendency Towards Recovery in Growth

Performance was driven mainly by domestic market business, which reported a growth in sales. The
Company's gross sales for the period reached R$ 1.57 billion, an increase of 13.2% in relation to the 2Q06.

The domestic market posted sales revenue for the quarter of R$ 949.2 million, a growth of 32.3% compared with the same period in 2005. For the nine-month period from January to September 2006, Perdigao recorded a year-on-year increase in sales revenues of 14.3%.

The export market saw a gradual recovery in demand for poultry meat -- average US dollar prices rising by 7% -- following weak trading conditions in the entire first half due to the avian influenza outbreaks. Export revenues amounted to R$ 626.8 million, equivalent to an approximate increase of 6% compared with the second quarter.

Net sales were R$ 1.34 billion, 11.5% higher, while EBITDA grew 400.7% in relation to the 2Q06, reaching R$ 88 million, corresponding to a margin of 6.6% against 1.5% in 2Q06.

ThePoultrySite News Desk

Sign up for our
regular news updates

Latest Poultry Industry News

•   BIRD FLU: H5N1 Detected in Vietnam; Bird Flu and US Government Reaction; Bird Flu Vaccine Spurs Strong Immune Response
•   Weekly US Broiler Hatchery Report
•   CME: Pork and Poultry Exports to Russia
•   Kurdistan's Poultry Production Capacity Falling
•   200,000 Chickens Evicted by Council of State
•   Are Cloned Animals Next on the Menu?
•   Tough Times Set for Indian Poultry Sector
•   Schering-Plough and Pfizer Merger Approved
•   Russia Likely to Cut Pork and Poultry Import Quotas
•   Chicken Costs Impacted by High Feed Prices