in Business & Finance

Embraer announces 4Q2020 results

Posted 19 March 2021 · Add Comment

In 4Q20 Embraer delivered 28 commercial jets and 43 executive jets (23 light jets and 20 large jets), for a total of 44 commercial and 86 executive aircraft (56 light jets and 30 large jets) delivered in 2020.

The  Company’s  aircraft  deliveries  in  2020  were  negatively  impacted  principally  by  the  Covid-19 pandemic  that  continues  to  affect  the  world,  especially  commercial  air  travel.  Annual  commercial  jet  deliveries declined 51%  in 2020 as compared  to  the 89 jet deliveries the Company registered  in 2019, while  executive jet deliveries were less impacted, falling 21% relative to the 2019 deliveries of 109 jets (62 light jets and 47 large jets).

 

Embraer reported  4Q20  revenues  of  US$  1,841.4  million,  which  represented  a  year-over-year  decline  of  11.7% compared to 4Q19, with revenue declines during the period in Commercial Aviation, Executive Jets, and Services & Support, only partially offset by 68.1% year-over-year growth in the Defence & Security segment. For the full year, the  Company  reported  2020  revenues  of  US$  3,771.1  million  as  compared  to  US$  5,462.6  million  in  revenues reported in 2019, representing a year-over-year reduction of 31.0%, due to pandemic-driven declines in commercial and executive jet deliveries as well as lower services & support activity stemming from reduced commercial and executive aircraft traffic in 2020, in addition to a revenue decline of 13.5% in the Defence & Security segment.

 

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