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SÃO PAULO – The Covid-19 found by the Chinese authorities in Marfrig products (MRFG3) last week has nothing to do with the company’s production, according to the company’s CEO, Miguel Gularte. He affirmed that the Brazilian takes all the measures of protection and tests of the employees and sterilization of the production line. He commented that exports strengthened the balance in the third quarter, including China itself.
“In China, the authorities are constantly looking for contamination of products or facilities. In the case of Marfrig, it was in the province of Wuhan, where the health crisis began, and in a warehouse where we had meat, which had been nationalized for several months. It was found in the Covid warehouse, or Covid waste. This Covid waste was found on pallets, warehouse structures and some boxes of products. Among the products in which Covid residues were found on the packaging were some products that were from Marfrig. But that has nothing to do with our production and our meat, “he said.
“Our flesh has entered [na China], It was tested. It is important to say that within the Marfrig health protocol we were pioneers in signing a TAG [Termo de Ajustamento de Gestão] with the Public Ministry of Labor, in which we test 100% of our collaborators. Marfrig tested 100% of our employees and implemented a very interesting system called active search, to be constantly testing people in the factory. It is a protocol that prevents symptomatic people from entering the industrial area and prevents people without symptoms from working indoors, “he added.
This Monday (16) he participated in a live show at InfoMoney From the series Por Inside Two Results, where executives from important stock companies present the main economic highlights of the third quarter, comment on the numbers and talk about prospects.
“Obviously when we received this news about the problem in Wuhan, we went after the information, and what we received was that in principle it does not affect our production at all because the virus was found in the facilities and outside the product, it is not a product problem. . Because we also know that a meat to reach China takes 60 days. A virus is not as likely to survive 60 days on a ship’s journey. It’s possible? It’s possible. But unlikely, ”Gularte said.
Marfrig’s CEO also commented that the strong evolution that the company presents in its balance sheet for the third quarter reflects the company’s ability to be “flexible”, now reinforcing exports, now focusing more on the domestic market of Brazil. “In this quarter we generated R $ 16.8 billion in net income, 89% in dollars. (…) We achieved our lowest historical leverage [relação percentual entre dívida e Ebitda], 1.68x in dollars and 1.88x in reais ”, said Tang David, CFO of Marfrig, who also participated in the live.
Tang and Gularte spoke about competition, costs, eventual new wave of Covid in Brazil and dividend payments. In the CEO’s opinion, the company’s shares on the stock market are cheap, but even so, the company’s board of directors decided to end the share buyback program after acquiring only 10% of the planned total. “We can change that decision later,” he said. Look at the live one above.
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