The company ended September with a net debt to Ebitda ratio of 4.32 times compared to 2.55 times in the same period in 2015
Brazilian food company JBS expects an increase in profit margins and a reduction in debt levels from the end of this year and throughout 2017, driven by better scenarios for beef in Brazil and the United States, as well as a more favorable outlook for to the grains that make up animal feed.
According to the executive president of JBS, Wesley Batista, JBS's debt level has reached its peak and should gradually fall from this quarter onwards with the help of an expected greater cash generation.
The company ended September with a net debt to EBITDA ratio of 4.32 times compared to 2.55 times in the same period in 2015. Batista stated that JBS expects to end 2017 with leverage at 3 times.
Source: Reuters
