Embraer releases fourth quarter and fiscal year 2017 results and 2018 outlook

Embraer delivered 23 commercial jets and 50 executive jets (32 light / 18 large) in the fourth quarter of 2017, and in 2017 delivered 101 commercial jets and 109 executive (72 light / 37 large) jets, meeting Guidance for 2017. Revenues in 4Q17 reached US$ 1,733.0 million and in 2017 were US$ 5,839.3 million, within the Company’s Guidance range of US$ 5.7 to US$ 6.1 billion. On an adjusted basis, EBIT and adjusted EBITDA excluding special items were US$ 132.7 million and US$ 220.3 million, respectively, in 4Q17, yielding margins of 7.7% and 12.7%. Adjusted EBIT and adjusted EBITDA exclude