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Minerva Reports Net Revenue Growth of 51% in 1Q08
 
1Q08 Highlights Organic growth in net sales of 51.0% year on year, boosted by sales in the domestic market, which grew by 131.6%, and already represent 35% of total sales in the quarter, versus 22% in 1Q07. Restrictions imposed by the European Union have not affected the Company's
fresh beef exports, which grew by 7.4% in 1Q08 versus 4Q07, attesting to the
Company's flexibility to redirect its products to other countries with demand
for Brazilian protein. Minerva's share of Gross profit grew 38.5% year on year, reaching a new record of EBITDA increased 33.4% year on year to Average fresh beef export price in U.S. dollar rose 40.6% to close the
quarter at a record Despite the strong sales performance, the net result was impacted by lower monetary variation gains and extraordinary adjustments in hedge operations.
To access the full version of the Earnings Release, visit our website at
www.minerva.ind.br/ir
Conference Calls
English May 19, 2008
11:00 a.m. (U.S. ET)
12:00 p.m. (Brasilia)
Tel: +1 (973) 935-8893
Replay: +1 (706) 645-9291
Code: 46955801
Portuguese May 19, 2008
9:00 a.m. (U.S. ET)
10:00 a.m. (Brasilia)
Tel: +55 (11) 2188-0188
Replay: +55 (11) 2188-0188
Code: Minerva
About Minerva Minerva S.A. is one of the leading producers and sellers of beef, leather
and live cattle in
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