Embraer posts earnings results for second quarter 2022

Embraer has reported consolidated revenues of US$ 1,018.9 million in the second-quarter of 2022 (2Q22), which represent a decrease of 9.9% y-o-y mostly driven by lower deliveries in Commercial and Defence & Security and partially offset by higher revenues in Services & Support.

Commercial Aviation reported revenue reduction of 23% y-o-y of US$299.9 million due to lower aircraft deliveries in the quarter. Executive Aviation 2Q22 revenues were US$266.7 million, which is 0.2% higher y-o-y.

Net profit attributable to Embraer shareholders and earnings per ADS for 2Q22 were US$74.2 million and US$0.40, respectively, compared to US$87.9 million in net income attributable to Embraer shareholders and US$0.48 in earnings per ADS in 2Q21.

Adjusted free cash flow for 2Q22 was US$91.2 million, a significant improvement compared to US$45.1 million reported in 2Q21 due to working capital optimisation, in light of production ramp-up and divestment of Évora’s facilities.

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