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Embraer Brings 4% of Brazil’s Trade Surplus

The Brazilian Aircraft Corporation S.A. (Embraer), Brazil’s largest exporter of manufactured goods, closed the books in 2004 with a record net profit of US$ 463 million (1.256 billion reaus), better than double its 2003 results.

The company’s sales last year also set a record, with US$ 3.7770 billion (10.231 billion reais) in net revenues, 55.7% more than in 2003.


“We experienced a year full of challenges and obstacles, but we managed to achieve a very impressive result,” affirmed Embraer president, Maurí­cio Botelho, during his presentation of the company’s balance sheet to the press.


“The increase in revenues was heavily influenced by the introduction of a new family of airplanes, the Embraer 170/190. In industrial terms, it was an extremely challenging undertaking,” Botelho remarked.


In 2004 the company delivered 148 commercial and executive airplanes, a segment that represents 76.1% of the company’s receipts.


Embraer’s net contribution of US$ 1.4 billion was responsible, in itself, for 4% of Brazil’s trade surplus.


Besides being the country’s largest exporter of manufactured industrial goods, Embraer is second only to Petrobras in total export worth.


Translation: David Silberstein
Agência Brasil

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