Aviation
Commercial /
Brazil
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Embraer discloses financial results for the 1st quarter of 2022
Embraer E190
Image: Embraer
Rafael Ramos
4/29/2022
On Thursday (28) Embraer released its financial results for the first quarter of 2022. Despite the stoppage in January of this year, the company reduced its net loss compared to recent quarters.
However, net revenue was R$3,076.1 million, lower than in the first quarter of 2021, when it was R$4,452.1 million. The backlog (value of firm orders) recorded its highest value since Q2 2018.
"Despite the challenges, we delivered important results in the first quarter", said Gomes Neto, president of Embraer. The deliveries of executive and commercial jets, however, were "a little below expectations", he adds.
The deliveries had a negative result due to the company's one-month shutdown to reintegrate the commercial aviation business, which was separated from the rest of the company during negotiations with Boeing.
Gomes Neto also spoke about the merger between Eve and Spac Zanite and the company's listing on the New York Stock Exchange, which should take place in mid-May.
The trend for the future is positive for the coming months. Net revenue should grow, fixed costs should be diluted, interest payments on financial commitments should be reduced and tax efficiency should be recovered with the legal reintegration of commercial aviation systems.
Also, the cash flow estimate for the second quarter of 2022 may be revised upwards.
Embraer's financial vice president highlighted that there are still important challenges, such as the lack of qualified labor in some countries and the shortage of semiconductors, which, according to him, has not yet affected Embraer.
See more details in the external link below.
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Image: Embraer
Hyperlinks:
https://ri.embraer.com.br/list...
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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