6-Mar-2015 1:13 PM
Embraer profits decline in 4Q and FY2014
Embraer revenue down 11% - financial highlights:
- Three months ended 31-Dec-2014:
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- Revenue: USD2046 million, -11.2% year-on-year;
- Profit before tax: USD149.8 million, -60.6%;
- Net profit: USD91.9 million, -65.4%;
- 12 months ended 31-Dec-2014:
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- Revenue: USD6289 million, +0.9%;
- Profit before tax: USD503.9 million, -16.4%;
- Net profit: USD334.7 million, -2.1%;
- Total assets: USD10,411 million;
- Cash and cash equivalents: USD1713 million;
- Total liabilities: USD6546 million. [more - original PR]
Embraer: "For 2015, Company Guidance is for expected Net Revenues of USD6.1 to USD6.6 billion, driven by expected deliveries of 95 to 100 jets in the Commercial Aviation segment and 35 to 40 large jets and 80 to 90 light jets in the Executive Jets segment, with Defense & Security revenues of USD1.1 to USD1.25 billion for the year." Source: Company statement, 05-Mar-2015.