Infrastructure

Odebrecht is now Brazil’s second largest non-financial private company

The company also reached sales of R$96.9 billion.

Valor Econômico
24/04/2014 15:16
Visualizações: 474 (0) (0) (0) (0)

 

Odebrecht is now Brazil’s second largest non-financial private company
As a result of an aggressive cycle of expansion in recent years, the Odebrecht Group had net income of R$490.7 million in 2013, reversing a loss of R$1.5 billion in the previous year. The company also reached sales of R$96.9 billion - an increase of 16% -- which ranks the group as Brazil’s second largest non-financial private company, only behind Vale, with R$106.2 billion. 
This process, however, has also led to record debt and has forced the organization to meet the challenges and risks of new markets. For Odebrecht CFO Marcela Drehmer, 2013 marked the beginning of the consolidation of the company's new businesses, which so far had demanded investments and had little or no cash generation. "It was a year in which we could see that the strategy implemented moved in the right direction," the executive said. 

As a result of an aggressive cycle of expansion in recent years, the Odebrecht Group had net income of R$490.7 million in 2013, reversing a loss of R$1.5 billion in the previous year. The company also reached sales of R$96.9 billion - an increase of 16% -- which ranks the group as Brazil’s second largest non-financial private company, only behind Vale, with R$106.2 billion. 


This process, however, has also led to record debt and has forced the organization to meet the challenges and risks of new markets. For Odebrecht CFO Marcela Drehmer, 2013 marked the beginning of the consolidation of the company's new businesses, which so far had demanded investments and had little or no cash generation. "It was a year in which we could see that the strategy implemented moved in the right direction," the executive said. 

Most Read Today
see see
International Company News
OES Group Returns to Private Ownership Following Managem...
01/09/26
Products and Services
RiverTough Bearings and Seals
27/08/26
Pre-Salt
Petrobras platforms P-80 and P-82, which will operate in...
27/08/26
Royalties
Values related to June production were distributed to st...
27/08/26
People
bp appoints Felipe Arbelaez head of country for Brazil
27/08/26
ROG.e 2026
ROG.e 2026 brings global leaders together to discuss the...
26/08/26
Pre-Salt
Búzios field sets monthly and daily natural gas export r...
26/08/26
Navalshore
Firjan SENAI presents the Supplier Opportunities Network...
17/08/26
Equatorial Margin
Morpho Well: Petrobras discovers hydrocarbons in ultra-d...
15/08/26
Power Generation
Campo Grande hosts four days of debates on bioenergy and...
12/08/26
International
KPMG: fossil fuel consumption falls, despite oil's signi...
12/08/26
Fenasucro
Fenasucro & Agrocana opening highlights Brazil's leaders...
12/08/26
Event
IBP and BIP bring together leaders to discuss technology...
11/08/26
Event
Asset Management gains prominence in corporate strategy;...
11/08/26
Macaé
Foresea takes part in WSOP 2026 and reinforces that safe...
11/08/26
Sergipe-Alagoas Basin
Siemens Energy advances offshore expansion in Brazil wit...
10/08/26
Campos Basin
Raia Project Reaches New Milestones in One of Brazil’s M...
06/08/26
Permanent Offer
ANP Takes Part in Ceremony Marking the Signing of Contra...
05/08/26
SOG 2026
ABPIP Strengthens Territorial Development Agenda in Serg...
04/08/26
SOG 2026
SOG26 Surpasses the Previous Edition and Reinforces Serg...
03/08/26
People
Shell Brasil Begins a New Leadership Cycle with João San...
03/08/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2