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.