SAO JOSE DOS CAMPOS, Brazil (Reuters) -Brazilian planemaker Embraer on Tuesday reaffirmed its full-year delivery and financial outlook, and said that tariffs imposed by the United States so far had “limited impact” that did not affect its first-quarter results.
The world’s third-largest aircraft maker after Airbus and Boeing expects to deliver 77 to 85 commercial jets this year, with executive aviation deliveries seen between 145 and 155 aircraft.
The company said that early in the year, its U.S. content helped mitigate the impact of sweeping tariffs, which have sparked retaliatory steps from U.S. trading partners and increased economic and business uncertainty.
Embraer said that its commercial aviation unit was not impacted in the period, while acknowledging that it had to make operational changes to reduce the exposure of the Phenom and Praetor business jets to the trade conflict.
In the first quarter, Embraer reported a 23% year-on-year increase in net revenues to $1.1 billion, which it said was the highest for the period since 2016. Core earnings represented by adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) more than doubled to $108.6 million.
Embraer had previously reported deliveries of 30 aircraft in the January-March period, which is seasonally weaker for planemakers. It expects revenues to reach $7.0 billion to $7.5 billion in the full year.
(Reporting by Gabriel Araujo; Editing by Andrew Heavens and Tomasz Janowski)
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