Embraer profits down slightly for 2013

Dino D'Amore
By Dino D'Amore February 27, 2014 12:44

Embraer profits down slightly for 2013

Brazilian aircraft manufacturer Embraer has reported a net profit of $346 million for 2013, which is down just 0.8% over 2012 results. 2013 revenues rose 1.1% to $6.24 billion, while operating costs rose 3% to $4.82 billion. As a result, gross profit dropped 5% to $1.42 billion.

Embraer finished the year with a strong fourth quarter, posting a net profit of $122.7 million. Revenue rose 21.4% to $2.3 billion, while operating costs grew by 21.2% to $1.74 billion, resulting in a gross profit for the fourth quarter of $567.7 million – an increase of 22%.

Embraer delivered 90 commercial aircraft in 2013, with 32 commercial aircraft delivered during the fourth-quarter.

Dino D'Amore
By Dino D'Amore February 27, 2014 12:44
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