CONTENT PREVIEW
Industry

Embraer reports 28% fall in defence sales

15 March 2019
Follow

Brazilian business and military aircraft producer Embraer revealed its annual results for 2018 on 14 March, showing a significantly weaker performance than in fiscal year 2017 (FY 2017).

Revenue for the full year was just under USD5.1 billion, a fall of 15.5% year on year. The company also registered an adjusted net loss of USD54 million, compared with net income of USD313 million in 2017.

Aside from its Services & Support segment, Embraer's reduced revenue performance was reflected company-wide. In its Defence & Security business, sales declined by 39.5%, to USD612 million.

The company made no revisions to its preliminary guidance for 2019, initially revealed in January.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(131 of 218 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT