Brazilian aerospace group Embraer, one of the world’s leading companies in the sector, has released its results for last year. Embraer’s financial year is identical to the calendar year. The financial results were released on a consolidated basis and according to International Financial Reporting Standards. The group has four business operations – commercial aviation, executive (business) jets, ‘services & support’ and ‘defence & security’. During 2020, commercial aviation accounted for 29.6% of Embraer’s total revenues (a very sharp drop in comparison to the 40.9% contribution during 2019). Executive jets provided 28.4% of group revenues last year, up from 25.6% in 2019, while the contribution of services & support was 24.4% (up from 22.8% in 2019). Defence & security recorded a significant increase in its contribution, to 17.3% in 2020 from 10.5% in 2019.
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