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: 338 (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
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
ROG.e
ROG.e 2026 will bring together CEOs from TotalEnergies, ...
06/05/26
International
At OTC Houston 2026, Firjan SENAI SESI expands its reach...
06/05/26
International
At OTC Houston 2026, Firjan SENAI holds international ed...
04/05/26
Recognition
BRAVA Energia receives top global industry award for Atl...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
04/05/26
Pre-Salt
PPSA closes 2025 with a net profit of R$ 30.1 million
04/05/26
Results
With 5.531 million boe/d, Brazil continues with record o...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
02/05/26
Environment
Brazil appears among world's largest methane emitters in...
30/04/26
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
Taxation
Infis Consultoria promotes the 4th Oil & Gas Taxation Se...
07/04/26
Green Hydrogen
Study at RCGI maps regions with the greatest potential f...
07/04/26
iBEM26
Goldwind advances in Bahia with factory in Camaçari and ...
27/03/26
iBEM26
Bahia showcases its bioenergy potential and reinforces i...
27/03/26
iBEM26
ESG practices in the renewable energy sector are highlig...
26/03/26
iBEM26
ABPIP highlights the role of independent producers in en...
26/03/26
iBEM26
Jerônimo Rodrigues highlights Bahia’s potential in the e...
26/03/26
Campos Basin
New oil discovery in the pre-salt of the Campos Basin
26/03/26
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.