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Embraer reports sharp profit declines in 1Q2013

1-May-2013 10:48 AM

Embraer revenue down 6% – financial highlights for three months ended 31-Mar-2013:

  • Revenue: USD1086 million, -5.7% year-on-year;
    • Commercial aviation: USD639.6 million, -15.8%;
  • EBIT: USD39.6 million, -53.7%;
  • EBITDA: USD100.4 million, -32.2%;
  • Net profit: USD30.0 million, -71.3%;
  • Firm order backlog: USD13,300 million;
  • Aircraft deliveries:
    • Commercial aircraft: 17, compared to 21 in 1Q2012;
      • Embraer 170: 1;
      • Embraer 175: 2;
      • Embraer 190: 8;
      • Embraer 195: 6;
  • Total assets: USD10,131 million, +6.9% when compared to period ended 31-Dec-2012;
  • Cash and cash equivalents: USD1684 million, -6.3% when compared to period ended 31-Dec-2012;
  • Total liabilities: USD6772 million, +10.5% when compared to period ended 31-Dec-2012. [more - original PR]