PR Newswire
SÃO JOSÉ DOS CAMPOS,
Brazil
,
Nov. 14, 2022
/PRNewswire/ — Embraer S.A. (B3: EMBR3, NYSE: ERJ) (”
Company
” or ”
Embraer
“), in compliance with Resolution no. 44, issued on
August 23, 2021
by the Securities Commission of
Brazil
(”
CVM
“), informs its shareholders and the market in general its updated projections for Free Cash Flow (
Fluxo de Caixa Livre
) for the year of 2022.
In the first nine months of 2022, Embraer recorded an accumulated Free Cash Flow (
Fluxo de Caixa Livre
) higher than the Company’s initial expectations for the performance of the indicator in this period, mainly as a result of the improvement in operating margins, better management of working capital, tax efficiency, among other factors. In addition, Embraer highlights that, as usual, it will have a higher concentration of deliveries and revenues in the fourth quarter when compared to the seasonality of the other quarters of the year.
As a result, Embraer is updating its projections for Free Cash Flow (
Fluxo de Caixa Livre
) for 2022, from US$ 50 million or more to a projection of US$ 150 million or more for the year. All other components of the Company’s projections and financial information remain unchanged.
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Such changes in Embraer’s projections will be set out in Section 11 of the Company’s Reference Form and will be available on the CVM’s website at
http://www.cvm.gov.br/
and on the Company’s website at
http://ri.embraer.com.br/
within the period set forth in the applicable regulation.
Furthermore, Embraer notes that the information disclosed in this document represents only an estimate and an expectation, which in no way represents any assurance of any outcome. The projections above depend on market factors which are outside the Company’s control and, therefore, may be subject to further change.
São José dos Campos,
November 14, 2022
.
Antonio Carlos Garcia
Executive Vice-President, Financial and Investor Relations
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https://www.prnewswire.com/news-releases/material-fact-2022-guidance-update-301676812.html
SOURCE Embraer S.A.
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