By Edward Robertson
Embraer delivered 71 aircraft in the last quarter of 2020, giving it a total of 130 for the year.
Releasing its full results for 2020, the aircraft manufacturer said the final quarter saw 28 commercial jets and 43 executive jets – 23 light and 20 large – delivered around the world.
This meant in 2020, it delivered a total of 44 commercial jets and 86 executive jets, of which 56 were light and 30 were large.
Embraer also ended the year with a total company firm order backlog of was $14.4 billion.
Revenues during Q4 were $1,841.4 million, while the fiscal year saw revenues of $3,771.1 million, representing year-over-year declines of 11.7 per cent and 31 per cent, respectively.
Excluding special items, adjusted EBIT and EBITDA were $76.6 million and $145.6 million, yielding adjusted EBIT margin of 4.2% and adjusted EBITDA margin of 7.9%.
Embraer finished the year with total cash of $2.8 billion, the same as the $2.8 billion in cash it had at the end of 2019.
It also declined to publish 2021 financial and delivery guidance due to continued uncertainty related to the Covid-19 pandemic and its impacts on the industry.
