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Embraer now sees FY22 free cash flow at least $150M
The Fly

Embraer now sees FY22 free cash flow at least $150M

Embraer, in compliance with Resolution no. 44, issued on August 23, 2021 by the Securities Commission of Brazil, informed its shareholders and the market in general its updated projections for free cash flow for the year of 2022. In the first nine months of 2022, Embraer recorded an accumulated free cash flow 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 for 2022, from $50M or more to a projection of $150 million or more for the year. All other components of the company’s projections and financial information remain unchanged.

Published first on TheFly

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