(Corrects year-end to 2014 in headline, end of first paragraph)Marfrig SA, the debt-laden Brazilian meatpacker andprocessed food producer, said free cash flow could end next yearbetween zero and negative 150 million reais ($70 million). Thecompany said in a securities filing on Monday that free cashflow, or money available for distribution among all thesecurities holders of a company, could end 2014 at around zero.
The company expects net revenue to end this year at 18.5billion reais, and between 21 billion reais and 23 billion reaisin 2014, the filing added. Earnings before interest, taxes,depreciation and amortization could reach 7.5 percent of netrevenue this year. The gauge, known as EBITDA margin, isexpected at between 7.5 percent and 8.5 percent in 2014, thefiling said.
($1 = 2.17 Brazilian reais)
- Basic Materials Industry
- free cash flow