New acquisitions of assets by the food company BRF will be put on hold after the increase in the company’s leverage ratio, said the company’s chief executive, Lorival Luz, on a quarterly results conference this Thursday (11).
This posture in the evaluation of new acquisitions will be adopted so that the company can adjust the net debt/Ebitda ratio, before resuming growth in the future.
BRF’s leverage rose to 3.06 times in the third quarter, compared to 2.73 times in the second quarter and 2.9 times in the same period last year.
The executive commented that the company is working on integrating newly acquired pet food companies, a market with strong margins, and that he believes that the capture of results will come over the next year.
However, these acquisitions helped to increase leverage.
Later, when asked about the assessment of opportunities abroad, Luz said that this would be a possibility, but only if the deal is aligned with the “low use of capital” and within the prudence of capital management.
“If there is an important opportunity and aligned with the low capital use strategy… let’s look, let’s evaluate it very carefully and carefully”, he commented.
Reference: CNN Brasil
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