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1-Aug-2016 9:36 AM

Embraer in the red in 2Q2016, commercial aviation outlook remain unchanged

Embraer revenue down 10% - financial highlights:

  • Three months ended 30-Jun-2016:
    • Revenue: USD1366 million, -10% year-on-year;
      • Commercial aviation: USD857.2 million, -3%;
    • Operating profit (loss): (USD127.4 million), compared to a profit of USD102.2 million in p-c-p;
    • Net profit (loss): (USD101.5 million), compared to a profit of USD131.1 million in p-c-p;
    • Commercial aircraft deliveries: 26, -1 aircraft;
  • Six months ended 30-Jun-2016:
    • Revenue: USD2675 million, +4%;
    • Operating profit (loss): (USD41.7 million), compared to a profit of USD181.8 million in p-c-p;
    • Net profit: USD4.5 million, -94%;
    • Total assets: USD11,937 million;
    • Cash and cash equivalents: USD1223 million;
    • Total liabilities: USD8118 million. [more - original PR]

Embraer: "With respect to the Commercial Aviation and Defense & Security segments, Embraer's revenue and delivery outlooks remain unchanged." Source: Company statement, 29-Jul-2016.

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