Embraer revenue up in 3Q2011
Embraer reports (03-Nov-2011) the following financial highlights for the 3 months ended Sep-2011:
- Revenue: USD1,363.6 million, +30.6% year-on-year;
- Commercial aviation: USD996.4 million, +41.8%;
- EBIT: USD124.2 million, +87.0%;
- Net income: USD1.9 million, -98.5%;
- Aircraft deliveries:
Embraer: “The Company is projecting its 2011 Revenue Guidance to be in the range of USD5.6 – USD5.8 billion. 2011 EBIT and EBITDA Guidance remain unchanged at US$ 465 million and USD 700 million, respectively. Consequently, EBIT and EBITDA margins shall be above the current Guidance of 8% and 12%, respectively,” Source: Company statement, 03-Nov-2011.