30-Oct-2009 12:45 PM
Embraer reports 3Q2009 net profit up, revenue down – Suppliers Share Wrap
Analysis
Revenue at Embraer dropped by nearly 20% year-on-year, from USD1,546 million in 3Q2008 to USD1,246 million in 3Q2009. The USD300 million revenue shortfall was felt by all business segments. Commercial aviation, responsible for approximately two thirds of revenue at the manufacturer, shrank from USD998 million in 3Q2008 to USD824.1 million in 3Q2009, a decline of 16.5%.
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