Embraer forecasts 97-102 commercial aircraft deliveries for 2017

Embraer released (10-Mar-2017) the following outlook and guidance for 2017:

• General operations:
• • Continue to invest in new products to "sustain long-term attractiveness" of its Aerospace and Defence portfolio;
  • Expects to continue its focus on cost control that will translate to higher profitability and competitiveness.
• Revenues: USD5.7 billion to USD6.1 billion;
• • Commercial Aviation: USD3.25 billion to USD3.4 billion (56% of revenue);
  • Executive Jets: USD1.6 billion to USD1.75 billion;
  • Defence & Security: USD800 million to USD900 million;
  • Other: USD50 million.
• EBIT: USD450 million to USD500 million
• • EBIT margin: 8%-9%;
• EBITDA: USD770-890 million;
• • EBITA margin: 13.5%-14.5%;
• Investment expenses: USD650 million;
• • R&D: USD50 million;
  • Product development: USD400 million;
• Free cash flow: (USD150 million)
• Commercial Aviation segment:
• • Smooth transition from the first generation of E-Jets to the E-Jets E2 remains on track with the entry into service of the first E2 model, the E190-E2, planned for 1H2018;
  • Majority of Embraer's 2017 investments are related to the development of the E2 family of commercial jets;
  • Commercial jet deliveries expected to remain near the levels of recent years, in a range of 97 to 102 jets;
  • Given recent order activity, in which Embraer captured the majority share from US carriers in the regional market, deliveries of the E175 model are likely to continue to represent the majority of 2017 deliveries.