Best managed Brazilian corporate

Jul 1, 2014

A focus on its staff and an institutionalized hedging policy help Brazil’s best managed company avoid peaks and troughs in a volatile industry

As Brazil’s presidential election nears, political, and consequently economic, uncertainty is rising. For Brazilian companies, that makes 2014 unlike others, says João Castro Neves, chief executive of beer maker Ambev.

"The distinctive characteristic of the election year will probably be the federal government concern to keep the economy strong and growing, with effective measures to control inflation and increased consumer disposable income, actions that have direct impact on our business," Neves tells LatinFinance.

To address potential financial volatility — and not just in the election run-up — the company hedges 12 months ahead. It is fully hedged for 2014 and is working on its 2015 exposures, so it does not expect movements in commodities prices or the exchange rates to affect its cost of goods sold.

"Our hedging...

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