Embraer announces 4Q2020 results

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.