Aviation
Commercial /
Brazil
Embraer
Second quarter results worry
José PEDRO Magalhães Ramos
8/5/2020
It was already expected, say market analysts.
But Embraer's results were very poor and worrisome, although the company still has a good wind to deal with the current context of low deliveries and orders and general aviation outages worldwide.
In terms of deliveries, there were only 4 E-Jets and 13 executive jets.
According to the press release released by the company, the main economic data show an adjusted net loss of 1.071 billion and an adjusted EBIT / EBITDA margin of -26 / -21 percent.
The good news is, according to the report, the company's liquidity, with a cash position of almost 11 billion reais and no significant maturities until the end of 2022.
However, debt in the second quarter of last year was 6.9 billion, meaning a significant growth of almost 4 billion!
Anyway, a negative situation but which as a consolation still has a certain amount of time to react waiting not only for a recovery of the world aviation market but also as soon as the recovery of the commercial performance of the company that was so good only a few years ago .
Finally, mention should be made of the expectation of many analysts and professionals in the field that the company may seek an alternative to address the failure of its alliance with Boeing.
Hyperlinks:
https://ri.embraer.com.br/list...
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José PEDRO Magalhães Ramos
He is a professional with almost four decades of experience in aviation. Having worked at Rio Sul and TAM in the 1980s and in the 1990's, joined Vasp where he spent 10 years in the Engineering area. He then created and operated the website www.aerospace.com.br for 4 years, now extinct and in 2004 he joined Gol, having stayed until 2017 and passed in various technical and business areas. Currently as a technical consultant still-and always-in the aviation area, he dedicates his private time to create and operate this our portal!
   
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