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