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Embraer reports 21% profit drop in 2008

Embraer reported 2008 net income of $388.7 million, a 21% drop from $489.3 million the previous year, citing losses on currency hedges as the value of the real fell and sagging sales owing to the global economic downturn. Full-year revenue rose 20.8% to $6.33 billion. Fourth-quarter profit plunged 44% to $111.6 million from $200.9 million a year ago and revenue for the quarter was down 3% to $1.81 billion.

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.