Embraer reported an adjusted net loss of R$93.8 million in the third quarter, compared to a loss of R$179.7 million in the same period last year, down 47.8%. From July to September, Embraer presented a net loss attributable to shareholders of R$ 160.4 million, 31.5% lower than the R$ 234.2 million a year earlier, according to the balance sent to the Securities and Exchange Commission (CVM) this Monday the 14th.
Ebitda (earnings before interest, taxes, depreciation and amortization) dropped 25% to R$282.1 million in the third quarter, compared to R$380.7 million in the same period last year. As a result, the Ebitda margin was 5.8% in the period, compared to 7.6% a year earlier.
In the adjusted criteria, Ebitda was R$ 485.4 million from July to September, 18% higher than the R$ 410.7 million in the same period last year. As a result, the adjusted Ebitda margin was 10% in the third quarter, compared to 8.2% a year earlier.
Consolidated net revenue in the third quarter was R$4.8 billion, a decrease of 3% compared to the previous year mainly due to lower revenue in the Defense & Security unit and partially offset by higher revenues in Commercial Aviation, Executive Jets and Services & Support, informs the manufacturer in balance.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
