Embraer announces 4Q2020 results

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.