Embraer fulfils more than half of 2020 aircraft deliveries in Q4

posted on 19th March 2021 by Eddie Saunders
Embraer fulfils more than half of 2020 aircraft deliveries in Q4

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.