Material Fact: Guidance 2024 Updated
Embraer (NYSE: ERJ) has updated its 2024 guidance, revising key projections. While maintaining Executive Aviation deliveries at 125-135 units and consolidated revenues at $6.0-6.4 billion, the company has adjusted Commercial Aviation deliveries downward to 70-73 units from the previous 72-80 range. However, Embraer has increased its adjusted EBIT margin projection to 9%-10% from 6.5%-7.5%, and raised its free cash flow forecast to $300 million or higher from the previous $220 million target. These projections exclude EVE and are subject to market conditions and risks beyond the company's control.
Embraer (NYSE: ERJ) ha aggiornato le sue previsioni per il 2024, rivedendo alcune proiezioni chiave. Mantenendo le consegne di Aviazione Esecutiva tra 125-135 unità e i ricavi consolidati tra 6,0-6,4 miliardi di dollari, l'azienda ha ridotto le consegne di Aviazione Commerciale a 70-73 unità rispetto alla precedente stima di 72-80 unità. Tuttavia, Embraer ha aumentato la proiezione del margine EBIT rettificato al 9%-10% rispetto al precedente 6,5%-7,5%, e ha alzato la previsione di flusso di cassa libero a 300 milioni di dollari o più rispetto al precedente obiettivo di 220 milioni di dollari. Queste proiezioni non includono EVE e sono soggette a condizioni di mercato e rischi al di fuori del controllo dell'azienda.
Embraer (NYSE: ERJ) ha actualizado sus previsiones para 2024, revisando proyecciones clave. Mientras mantiene las entregas de Aviación Ejecutiva entre 125-135 unidades y los ingresos consolidados entre 6,0-6,4 mil millones de dólares, la compañía ha ajustado a la baja las entregas de Aviación Comercial a 70-73 unidades desde el rango anterior de 72-80. Sin embargo, Embraer ha aumentado su proyección de margen EBIT ajustado al 9%-10% desde el 6,5%-7,5%, y ha elevado su pronóstico de flujo de caja libre a 300 millones de dólares o más desde el objetivo anterior de 220 millones de dólares. Estas proyecciones excluyen EVE y están sujetas a condiciones de mercado y riesgos ajenos al control de la empresa.
Embraer (NYSE: ERJ)는 2024년 지침을 업데이트하고 주요 예측을 수정했습니다. 경영 항공기 납품을 125-135대, 통합 수익을 60억-64억 달러로 유지하는 가운데, 회사는 상업 항공기 납품을 하향 조정했습니다 70-73대로, 이전의 72-80대 범위에서 조정했습니다. 그러나 Embraer는 조정된 EBIT 마진 예측을 늘렸습니다, 6.5%-7.5%에서 9%-10%로 상향 조정하고, 자유 현금 흐름 예측을 이전의 2억 2천만 달러 목표에서 3억 달러 이상으로 상향 조정했습니다. 이러한 예상은 EVE를 포함하지 않으며, 시장 상황 및 회사의 통제를 벗어난 위험에 따라 달라질 수 있습니다.
Embraer (NYSE: ERJ) a mis à jour ses prévisions pour 2024, révisant plusieurs projections clés. En maintenant les livraisons d'Aviation Exécutive entre 125 et 135 unités et les revenus consolidés entre 6,0 et 6,4 milliards de dollars, l'entreprise a ajusté à la baisse les livraisons d'Aviation Commerciale à 70-73 unités, contre une fourchette précédente de 72-80 unités. Cependant, Embraer a augmenté sa prévision de marge EBIT ajustée à 9%-10% par rapport à 6,5%-7,5%, et a relevé sa prévision de flux de trésorerie libre à 300 millions de dollars ou plus, contre un objectif précédent de 220 millions de dollars. Ces projections excluent EVE et sont soumises aux conditions du marché et aux risques échappant au contrôle de l'entreprise.
Embraer (NYSE: ERJ) hat seine Prognosen für 2024 aktualisiert und wichtige Projektionen überarbeitet. Während die Auslieferungen in der Executive Aviation bei 125-135 Einheiten und die konsolidierten Umsätze zwischen 6,0 und 6,4 Milliarden US-Dollar bleiben, hat das Unternehmen die Lieferungen in der Commercial Aviation nach unten korrigiert und geht nun von 70-73 Einheiten aus, anstelle des vorherigen Bereichs von 72-80 Einheiten. Embraer hat jedoch seine Prognose für die angepasste EBIT-Marge erhöht auf 9%-10% von zuvor 6,5%-7,5%, und die Prognose für den freien Cashflow auf 300 Millionen US-Dollar oder mehr angehoben, anstelle des vorherigen Ziels von 220 Millionen US-Dollar. Diese Prognosen schließen EVE aus und unterliegen Marktentwicklungen und Risiken, die außerhalb der Kontrolle des Unternehmens liegen.
- Increased adjusted EBIT margin guidance from 6.5%-7.5% to 9%-10%
- Higher free cash flow projection of $300M+ (up from $220M+)
- Maintained consolidated revenue guidance of $6.0-6.4B
- Stable Executive Aviation delivery forecast of 125-135 units
- Reduced Commercial Aviation delivery forecast to 70-73 units (down from 72-80)
Insights
The updated 2024 guidance reveals significant operational adjustments and improved profitability metrics. While Commercial Aviation deliveries are revised downward to 70-73 units from 72-80, Executive Aviation targets remain unchanged at 125-135 deliveries. The standout changes are the substantial increase in adjusted EBIT margin to 9%-10% from 6.5%-7.5% and enhanced free cash flow projection to
The maintained revenue guidance of
The revised guidance demonstrates Embraer's strategic pivot toward profitability over volume in its commercial segment. The reduction in commercial aircraft deliveries while maintaining revenue targets suggests robust pricing environment and strong demand dynamics. The substantial margin improvement points to successful implementation of operational efficiency initiatives and potentially favorable forex conditions.
The unchanged executive aviation delivery targets amid industry-wide supply chain challenges indicates strong market position in this high-margin segment. The improved free cash flow outlook by
EMBRAER S.A.
Publicly Held Company
CNPJ/MF: 07.689.002/0001-89
NIRE: 353.003.257-67
SÃO JOSÉ DOS CAMPOS,
2024 GUIDANCE (1) | PREVIOUS | CURRENT | |
Commercial Aviation deliveries | 72 - 80 | 70 a 73 | |
Executive Aviation deliveries | 125 - 135 | 125 - 135 | |
Consolidated revenues (US$ billion) | 6,0 – 6,4 | 6,0 – 6,4 | |
Adjusted EBIT margin | 6, | ||
Free cash flow (US$ million) | 220 or higher | 300 or higher | |
(1) Does not consider EVE |
This information will be available in the Reference Form (section 11), on the CVM website at http://www.cvm.gov.br/ and the Company's website at http://ri.embraer.com.br, within the legal period.
Embraer clarifies that this material fact does not constitute a promise of performance, reflecting only the perception of the Company's management, therefore, they are subject to risks and uncertainties. Projections consider several factors, such as general economic, market and industry conditions, which are beyond the Company's control, and may undergo changes that will be communicated diligently.
São José dos Campos, November 8, 2024.
Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations
View original content:https://www.prnewswire.com/news-releases/material-fact-guidance-2024-updated-302299899.html
SOURCE Embraer S.A.
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