Embraer S.A. has announced its Crisis Committee monitors the impact of the COVID-19 outbreak on the company on a daily basis and has implemented contingency plans to act as quickly as necessary as the current situation continues to unfold, the company said.
Embraer has so far not suffered extensive delays in its supply chain, production operations, or material impacts on the demand for its products. Nevertheless, due to the uncertainty related to the spread of the virus, the company is suspending the projections presented, on November 12, 2019, in relation to the expected results for 2020.
Updated projections will be disclosed when greater visibility into the impact of the virus on the Company´s businesses is revealed.
At the Company´s premises in Brazil, some essential activities continue to operate on a regular basis, some employees are working from home (home office) and those employees who cannot perform their activities remotely have been placed on temporary paid leave until March 31, 2020. The Company assesses the implementation measures related to these in its premises abroad. Such measures aim to preserve the health and well-being of Embraer´s employees.
While Embraer has weathered economic and geopolitical crises in the past, and the Company´s management and all of its employees remain committed to achieving its long-term targets, we cannot at this point foresee to what extent this virus and measures to attempt to contain it will affect us.
Embraer´s top priority remains the health and safety of its employees, customers, and other collaborators.