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Embraer sees improving market

written by australianaviation.com.au | August 4, 2010
photo - Paul Sadler

Embraer has increased its revenue guidance for the remainder of the year as it recorded an increase in net income for the second quarter.

The Brazilian airframer recorded net profit for the quarter of US$70.3m (A$77m), an increase of 3.7 per cent although revenue over the same period decreased by 7.5 per cent to US$1.46bn (A$1.6bn). The company delivered 69 aircraft during the quarter, 29 of which were for the commercial market and 40 business aircraft.

In delivering its results, Embraer said that the recovery of the market for commercial aircraft this year is showing good opportunities, some of which has resulted in new orders, including a number of significant orders at the recent Farnborough Airshow. As a result, the company has upgraded its revenue guidance for the year from US$5bn (A$5.5bn) to US$5.25bn (A$5.76bn) as well as an increase in operating margin to 6.5 per cent.

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