Page 41 - Minerva Foods Sustainability Report 2016
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Industrial unit, in Paraguay
tered, 3% more than in 2015. In relation to fresh meat exports, 277,000 tons were exported, reach- ing revenue of US$1.1 billion.  roughout the year, Chile, Russia and Brazil were the top desti- nations for Paraguayan exports.
In Uruguay, where the Company operates two units, 2,266 million head of cattle were slaugh- tered in 2016, up 3% compared to the previous year.  e average price of meat fell by 10%, mostly as a result of an 11% drop in the average price of exports during the year, due to greater competition from regional exporters, such as Brazil and Argentina.  e meatpacking indus- try in Uruguay exported 302,300 tons during the year, 15% more than in 2015, with revenue of US$1,454 billion. Top destinations were Chi- na and the USA, followed by the Netherlands and Canada.
Financial highlights
G4-DMA Economic performance | G4-9
Minerva Foods ended the year with record gross revenue of R$10.3 billion, 2% more than in 2015.  e Meat Division saw a slight 1.4% increase in performance, at R$8.4 billion. Of this total, R$5.7 billion is related to the foreign market and accounts for a 2.1% year-over-year drop in revenue.  is result is due to a lower export volume in the second half, which was partly o set by domestic market sales growth. In the domestic market, Minerva moved for- ward with its strategy of increasing the num- ber of points of sale and gained improvement in its operational indicators.  e Company therefore saw growth of 5% in meat sales vol- ume, at an average price that was 4% higher than in 2015. Despite an adverse economic situation, this strategy meant that the Compa- ny had 10% more year-over-year total revenue from the Meat Division in the domestic mar- ket. Gross revenue from the Others Division, in turn, grew by 4.9% in relation to 2015, reaching R$1.9 billion.

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