SÃO JOSÉ DOS CAMPOS, Brasil, Nov. 5, 2021 /PRNewswire/ -- Embraer S.A. ("Embraer" or "Company") (B3: EMBR3, NYSE: ERJ), in accordance with CVM Instruction No. 358, of January 3, 2002, informs its shareholders and the market in general of the update of its projections for the year 2021.
Over the first nine months of 2021, Embraer has registered accumulated free cash flow of US$ (160.1) million, which is better than the Company's initial expectations for free cash flow performance over this period. Embraer also expects the fourth quarter to show normal seasonal patterns in terms of higher deliveries and revenues, leading to expected positive free cash flow in 4Q21.
As a result, Embraer is updating its 2021 free cash flow guidance to US$ 100 million or better for the year, an improvement from the prior range of free cash flow of US$ (150) million to breakeven. All other aspects of the Company's deliveries and financial guidance remain unchanged at present.
2021 UPDATED GUIDANCE |
||||||
PREVIOUS |
UPDATED |
|||||
Commercial Aviation deliveries |
45 |
- |
50 |
45 |
- |
50 |
Executive Aviation deliveries |
90 |
- |
95 |
90 |
- |
95 |
Consolidated Revenues (US$ blns) |
$4.0 |
- |
$4.5 |
$4.0 |
- |
$4.5 |
Adjusted EBIT margin |
3.0% |
- |
4.0% |
3.0% |
- |
4.0% |
Adjusted EBITDA margin |
8.5% |
- |
9.5% |
8.5% |
- |
9.5% |
Free Cash Flow (US$ mlns) |
($150) |
- |
$0 |
$100 |
or |
better |
Antonio Carlos Garcia
Executive Vice-President, Finance &
Investor Relations
PRESS OFFICES:
Headquarters (Brazil)
Corporate Communications
[email protected]
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984
North America
Alyssa Ten Eyck
[email protected]
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Europe, Middle East and Africa
Guy Douglas
[email protected]
Cell: +31 (0)657120121
Tell: +31 (0)202158109
China
Mirage Zhong
[email protected]
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Asia Pacific
Nilma Missir-Boissac
[email protected]
Cell: +65 9012 8428
Tel.: +65 6305 9955
SOURCE Embraer S.A.
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