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Brazil's Embraer trims profit targets in 2015 from 2014

BRAZIL854.PNG
Brazilian planemaker Embraer SA trimmed its forecasts for operating profit this year compared with 2014, according to a securities filing on Wednesday.

[SAO PAULO] Brazilian planemaker Embraer SA trimmed its forecasts for operating profit this year compared with 2014, according to a securities filing on Wednesday.

Embraer is targeting earnings before interest and taxes, or EBIT, equal to 8 percent to 8.5 per cent of revenue this year and earnings before interest, taxes, depreciation and amortization, or EBITDA, equal to 12-13 per cent of revenue. The planemaker started last year with an EBIT margin target of 9-9.5 per cent and an EBITDA margin target of 13-14 per cent.

REUTERS