MBRF Global Foods Company S.A. (BVMF:MBRF3)
Brazil flag Brazil · Delayed Price · Currency is BRL
16.98
-0.27 (-1.57%)
At close: Sep 23, 2026
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Earnings Call: Q1 2021

May 12, 2021

Operator

Good morning, everyone, and thank you for waiting. Welcome to Marfrig Global Foods S.A. first quarter conference call. With us here today we have Mr. Marcos Molina, Founder and Chairman, Tim Klein, Chief Executive Officer of North America Operation, Mr. Miguel Gularte, Chief Executive Officer of South America, Mr. John Pinto, CEO of PlantPlus, Mr. Tang David, Chief Financial Investor Relations Officer, Mr. Paulo Pianez, Sustainability and Communication Director, and Mr. Eduardo Puzziello, Investor Relations Director. This event is being recorded and will be start directly in question and answer session.

If at any point your question is answered, you may remove yourself from the queue by pressing star two. Questions will be taken in the order they are received. We do ask that when you pose your question, that you pick up your handset to provide optimum sound quality. Please hold while we poll for questions. As a reminder, to ask a question, please press star one on your touchtone phone at this or any time. Please hold while we poll for questions. Please hold while we poll for questions. Our first question comes from Mr. Antonio with Barclays.

Speaker 4

Hi. Good morning. Thanks for taking my question and congratulations on the results. My question would be regarding South America and profitability there was impacted, of course, and you mentioned gross profit because of the raw materials headwinds was the main cause. If you could give us a little bit more guidance on that. What are you expecting for the rest of the year and what is the current trend? Thanks. Yes. Were you able to hear me?

Tim Klein
CEO of North America Operation, Marfrig Global Foods S.A.

This is Tim Klein. I'm still on. I'm not sure about South America.

Miguel Gularte
CEO of South America, Marfrig Global Foods S.A.

Thanks. [Margins] Improves and our exports to China that are active. In Q1, we had a recovery of our exports to China. Brazil is exporting again. The same thing happened to other geographies, Argentina and Uruguay and Chile.