Company Announces 4Q'03; Full Year Results
While 2003 was not particularly a booming year for any major
aircraft manufacturer; Embraer seemed to have weathered the
economic storm better than its competitors. Embraer, the leading
Brazilian commercial aircraft manufacturer, registered in 2003 net
sales of US$2,143.5 million and net income of US$136.0 million,
equivalent to diluted earnings per ADS of US$0.7807. The order
backlog as of December 31, 2003 totaled US$28.1 billion, US$ 10.6
billion in firm orders and US$17.5 billion in options.