28-Mar-2011 11:48 AM
Embraer reports mixed profits in 2010, expects improvements in 2011
Embraer revenue up 21% - financial highlights:
- Three months ended 31-Dec-2010:
- Revenue: USD1970 million, +20.9% year-on-year;
- Commercial aviation: USD930.8 million, +29.3%;
- Aviation services: USD153.5 million, -15.7%;
- EBIT: USD132.4 million, +237.8%;
- EBITDA: USD197.2 million, +88.0%;
- Net profit: USD122.7 million, +29.3%;
- Aircraft deliveries:
- Commercial aviation: 30, +15.4%;
- Revenue: USD1970 million, +20.9% year-on-year;
- 12 months ended 31-Dec-2010:
- Revenue: USD5364 million, -2.4%;
- Commercial aviation: USD2889 million, -14.6%;
- Aviation services: USD563.8 million, -6.7%;
- EBIT: USD391.7 million, +3.2%;
- EBITDA: USD610.9 million, +0.4%;
- Net profit: USD330.2 million, -29.0%;
- Aircraft deliveries:
- Commercial aviation: 100, -18%;
- Total assets: USD8391 million, -5.6%;
- Cash and cash equivalents: USD1393 million, -12.5%;
- Total liabilities: USD5259 million, -12.4%;
- Revenue: USD5364 million, -2.4%;
- 2011 forecast:
- Revenue: USD5600 million;
- Commercial aviation: USD3100 million;
- Aviation services and other business: USD700 million;
- EBIT: USD420 million;
- EBITDA: USD615 million. [more]
- Revenue: USD5600 million;
Embraer: "For 2011, it is expected that the Commercial aviation market will continue its recovery and market book to bill is expected to be above one," Company statement. Source: Embraer, 24-Mar-2011.