Embraer has revised its full-year 2018 guidance, lowering expected net earning from $5.4-5.9bln to $5.1bln, the OEM announced on January 16 during Embraer Day with investors in New York.
Lower deliveries of executive jets (91 down from 105-125) and one-off costs associated to the KC-390 military transport landing incident in May negatively have impacted earnings.
Guidance for Embraer’s commercial aircraft division is unchanged, with 85-95 deliveries. Investments for 2018 have been $300m, down from $550m announced earlier.
Embraer has also provided guidance for this year and 2020. Commercial deliveries are expected te remain unchanged at 85-95, with more E2s coming up. Executive jet deliveries should be in 90-110 range, with KC-390s expected to be delivered plus ten Super Tucano trainers. Consolidated revenues should be $5.3-5.7bln and a net cash position in 2020 of $1bln.
For 2020. so after the integration of the commercial aircraft activities within Embraer’s and Boeing‘s 20/80% joint-venture, net earnings are expected to be between $2.5-2.8bln.
Embraer will announce its full 2018 results later on.
Active as journalist since 1987, starting with regional newspaper Zwolse Courant. Grand Prix reporter in 1997 at Dutch monthly Formule 1, general reporter Lelystad/Flevoland at De Stentor/Dagblad Flevoland, from 2002 until June 2021 radio/tv reporter/presentor with Omroep Flevoland.
Since mid-2016 freelance aviation journalist, since June 2021 fully dedicated to aviation. Reporter/editor AirInsight since December 2018. Contributor to Airliner World, Piloot & Vliegtuig. Twitter: @rschuur_aero.
