EMBRAER EARNINGS RESULTS 2nd QUARTER 2023
- 47% increase in total deliveries compared to 2Q22
- Revenues reached US$ 1,292 million, representing a double-digit growth of 57% in Commercial Aviation and 42% in Executive Aviation YoY
- Firm order backlog ended 2Q23 at US$ 17.3 billion
- Operational and financial guidance for 2023 remains unchanged
- None.
SÃO PAULO, Aug. 14, 2023 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its SECOND Quarter 2023 Earnings Results.
HIGHLIGHTS
- Embraer delivered 47 jets in the second quarter, of which 17 commercial aircraft and 30 executive jets (19 light and 11 mid-size). A strong increase of
47% in total deliveries compared to 2Q22. - Revenues reached
US in the quarter ($ 1,292 million 27% higher than 2Q22 and80% higher than 1Q23). In Commercial Aviation it represented a double-digit growth of57% and in Executive Aviation42% YoY. - Adjusted EBIT of
7.7% compared to8.0% in 2Q22 due to different revenue mix, in line with company expectation. - Firm order backlog ended 2Q23 at
US stable QoQ, with higher in Executive Aviation with strong sales performance in the segment.$ 17.3 billion - Adjusted Free Cash Flow w/o EVE (FCF) in 2Q23 was close to breakeven, with cash consumption of
US , in preparation for higher deliveries in the coming quarters.$ 10.7 million - Successful Liability Management efforts with gross debt reduction of
US and maturity increase.$ 500 million - Operational and financial guidance for 2023 unchanged.
For additional information, please check the full document on our website ri.embraer.com.br
Investor Relations
Leonardo Shinohara, Eliane Fanis, Viviane Pinheiro and Marcelo Cuperman.
(+55 11) 3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 1Q23 Results on:
Monday, Aug 14, 2023
ENGLISH: 09:00 AM (NY Time) / 10:00 AM (SP Time).
Access Link: [mzgroup.zoom.us]
ID: 898 3451 3771
Password: 421870
To participate by Phone:
- From
U.S. : +1 720 707 2699 or +1 253 215 8782 or 833 928 4609 (Toll-Free). - From
Brazil : +55 11 4632 2236 ou +55 11 4632 2237 ou 0800 761 4138 (Toll-Free).
We recommend you call 15 minutes in advance.
THE CONFERENCE CALL WILL ALSO BE BROADCASTED LIVE OVER THE WEB, AT THE ADDRESS: https://ri.embraer.com.br/
View original content:https://www.prnewswire.com/news-releases/embraer-earnings-results-2nd-quarter-2023-301899714.html
SOURCE Embraer S.A.
FAQ
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