Embraer reports Q4 2019 revenues of USD 2.085m

EMBRAER S.A. (NYSE: ERJ) (B3: EMBR3) has reported revenues in the fourth quarter 2019 reached USD 2,085.0 million, the company said.

Fourth quarter 2019 adjusted EBIT were USD 4.0 million, yielding adjusted EBIT margin of 0.2%.

Fourth quarter 2019 net loss attributable to Embraer shareholders and Loss per ADS were USD (209.8) million and USD (1.14) per share, respectively. Adjusted net loss (excluding deferred income tax and social contribution and special items) for the fourth quarter 2019 was USD (93.4) million, with adjusted loss per ADS of USD (0.51).

Embraer generated record free cash flow of USD 739.4 million in the fourth quarter 2019, finishing 2019 with adjusted free cash flow usage of USD (181.8) million.

The Company finished 2019 with a total cash position of USD 2,779.9 million. Embraer´s fourth quarter 2019 total debt of USD 3,392.3 million had an average maturity of almost five years, yielding a net debt position of USD 612.4 million vs. USD 1,347.2 million of net debt in the third quarter 2019.

Embraer delivered 35 commercial jets and 46 executive jets (20 light and 26 large) in the fourth quarter 2019.