Embraer has a loss of $76mn

Embraer had a net loss of R$ 383.6 million ($ 76 million) in the fourth quarter of 2019, reversing a net profit of R$ 79.7 million ($ 15 million) a year earlier. The adjusted Ebitda fell to R$ 270.7 million ($54 million), from R$ 502.8 million ($100 million) a year earlier. The data show that Embraer reached R$ 8.6 billion in net revenue in the 4th quarter, and the operating result in that period includes the recognition of R$ 294.2 million ($58 million)to impairment in the executive aviation segment.

Source: UOL Economia

Categories: Business