Embraer’s jet deliveries achieved a record high in the 4th quarter 2009, totaling 91 aircraft in a single quarter and ended 2009 with 244 aircraft delivered, surpassing by 2 aircraft the 2009 guidance. As a consequence, 2009 revenue is also in line with the 2009 guidance and totaled US$ 5.47 billion. EBIT margin was down to 6.1% in 2009.
4th quarter cash generation was very strong and resulted in free cash flow generation of US$ 382.6 million in the quarter and final net cash position of US$ 503.3 million at the end of the 2009, which is higher than the US$ 376.1 million net cash position achieved at the end of 2008. Net income attributable to Embraer was US$ 146.4 million in 4th quarter 2009 or 31.2% higher than 4th quarter 2008. Hence, 2009 net income totaled US$ 248.5 million.
