Embraer has earned a first-quarter net profit of $30 million, down 71.3% from a $104.6 million net income in the year-ago period. Revenues were $1.09 billion, down 13% compared to $1.15 billion last year.
During the first quarter, Embraer delivered 17 commercial (one E-170, two E-175s, eight E-190s and six E-195s) and 12 executive aircraft,a reduction of four commercial aircraft and one executive jet delivered in the same period of 2012.
The company’s firm order backlog increased to $13.3 billion, mainly as a result of an improvement in the order environment in commercial aviation, as well as continued orders in the defense and security segment, according to a statement.
The company’s commercial aviation backlog comprises 1,136 firm orders, 624 options, while deliveries have grown to 925 aircraft, with a firm backlog of 211 aircraft.
During the first quarter, the commercial aviation segment of the business sliced in 58.9% of the total net revenue, down from 65.9% year-over-year. The defense and security segment grew to 23.2%, up from 19.8% in the first quarter of 2012, and the executive aviation segment was up from 13.2% in the 2012 first quarter to 16.1% this year.