SÃO JOSÉ DOS CAMPOS, Brazil,
March 26, 2020 /PRNewswire/ --
Embraer S.A. ("Company" or "Embraer") informs the market that it
has been monitoring the COVID-19 outbreak and its impacts on its
employees, operations, the global economy, the supply and the
demand for its products and services. The Company´s Crisis
Committee monitors on a daily basis the development of the pandemic
situation and it has implemented contingency plans to act as
quickly as necessary as the current situation continues to
unfold.
Embraer has so far not suffered extensive delays in its supply
chain, production operations, or material impacts on the demand for
its products. Nevertheless, due to the uncertainty related to the
spread of the virus, we are suspending the projections presented,
on November 12, 2019, in relation to
the expected results for 2020. Updated projections will be
disclosed as soon as we have a greater visibility into the impact
of the virus on the Company's businesses. At the Company's premises
in Brazil, some essential
activities continue to operate on a regular basis, some employees
are working from home (home office) and those employees who cannot
perform their activities remotely have been placed on temporary
paid leave until March 31, 2020. The
Company assesses the implementation measures related to these in
its premises abroad. Such measures aim to preserve the health and
well-being of Embraer's employees.
If the measures being taken around the world in an attempt to
slow down the spreading of the virus turn out to be persistent,
this will have significant negative impacts on the global economy,
which could cause an adverse effect on us. Governments have already
imposed severe measures, such as quarantines, travel and flight
restrictions, reduction in movement between countries, all of which
we expect to generate some disruptions in the supply and demand
side of our businesses.
While Embraer has weathered economic and geopolitical crises in
the past, and the Company's management and all of its employees
remain committed to achieving its long-term targets, we cannot at
this point foresee to what extent this virus and measures to
attempt to contain it will affect us.
Embraer's top priority remains the health and
safety of its employees, customers, and other collaborators.
São José dos Campos, March
26, 2020.
Antonio Carlos
Garcia
Executive Vice President of Finance and Investor Relations
PRESS OFFICES:
Headquarters (Brazil)
Corporate Communications
embraer@idealhks.com
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984
North America
Alyssa Ten Eyck
ayeck@embraer.com
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Europe, Middle East and Africa
Guy Douglas
guy.douglas@nl.embraer.com
Cell: +31 (0)657120121
Tell: +31 (0)202158109
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Asia Pacific
Nilma Missir-Boissac
nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
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SOURCE Embraer S.A.