SÃO PAULO — A new securities filing by JBS SA showed the expected net revenue to be 409.4 billion reals ($76.5 billion) for fiscal year 2024.
The global meat company also disclosed its EBITA (earnings before interest, taxes, depreciation and amortization) to be estimated between 33.4 and 36.2 billion reals (between $6.25 billion and $6.75 billion).
The guidance was provided to JBS following a directive from the Brazilian Securities and Exchange Commission (CVM).
Later in the filing, the company stated that estimates were calculated based on assumptions and methodologies, including historical behavior for the company’s operations, applied to the company’s operating performance. The disclosure also said the estimates are expected to reflect market conditions in the locations where JBS operates.
JBS provided another statement later in the disclosure regarding the information provided to the CVM.
“The information disclosed herein constitutes estimates based on the beliefs and substantiated assumptions of JBS Management, as well as on information currently available,” the company said. “JBS operates globally and, as such, is subject to different market conditions, laws and regulations, as well as changes in each of these elements in each of these jurisdictions. In addition, the food sector is highly cyclical, volatile and strongly influenced by various political, economic, climatic and environmental factors. All these factors are beyond JBS’s control.”
The company went on to say that the estimates are subject to risks and uncertainties and do not constitute a promise of future performance.
“Because of these uncertainties, the investor should not make any investment decisions based solely on this information,” the company concluded. “Any change in perception or in the factors mentioned above may cause the concrete results to diverge from the projections made and disclosed.”
The complete notice from Sept. 16 can be found here.