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So Paulo, 29 – The operational and financial restructuring plan, approved by the BRF board of directors on Friday, 29, is nothing more than a "brake to tidy up" the company, said CEO Pedro Parente. teleconference with reporters. BRF's new strategy includes, among other things, the operational suitability, the sale of units in Europe, Thailand and Argentina, in the domestic, Muslim and Asian markets, a 5% reduction in headcount and a forecast of R $ 5 billion.
Also present at the teleconference, the company's chief operating officer, Lorival Luz, said the company is about to select the banks that will participate in the badet sale process. Regarding the marketing of real and non-operational badets and minority interests in companies, the executive said that "all alternatives, both inside and outside Brazil, will be evaluated."
The collection of R $ 5 billion "is expected for the second half," estimates Parente, and the ratio between net debt and EBITDA (earnings before interest, taxes, depreciation and amortization) around 4.35x in December 2018 , given the recent high of the dollar and the impacts of partial export restrictions on the foreign market, and less than 3.00x in December 2019.
Unlike previous projects of the company, Parente stresses that the approved strategy does not contemplate new actions. "It was not a decision of the CEO, he left the discussions where you evaluate alternatives and, for now, it would not be easy," says the executive.
After the announcement made this Friday, Parente expects strategic plan in mid-August.
(Nayara Figueiredo)
