Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. (NYSE: ERJ; BOVESPA: EMBR3) dated May 21, 2009, serves as a notification that the company has filed its Form 20-F annual report for the fiscal year ended December 31, 2008. Embraer is the world's largest manufacturer of commercial jets up to 120 seats and operates in Commercial Aviation, Executive Aviation, and Defense and Government segments.
Key Financial Metrics and Operational Data
The filing text does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the 2008 fiscal year; these details are contained within the referenced Form 20-F. However, the following operational metrics as of March 31, 2009, are disclosed:
- Firm Order Backlog: US$ 19.7 billion.
- Workforce: 17,375 employees (excluding subsidiaries OGMA and HEAI).
Material Changes
The filing does not contain comparative financial data or specific material changes versus prior periods. It solely announces the availability of the 2008 annual report.
Guidance, Outlook, and Risks
The document includes a standard forward-looking statement disclaimer. It notes that projections are based on current expectations and are subject to risks including:
- General economic, political, and trade conditions in Brazil and global markets.
- Industry trends and investment plans.
- Capacity to develop and deliver products on agreed dates.
- Existing and future governmental regulations.
Embraer explicitly states it is not compelled to update or revise estimates based on new information.
Investor Verification Checklist
- Review the full Form 20-F report filed for the fiscal year ended 2008 to obtain detailed financial statements (revenue, net income, cash flow).
- Verify the composition of the US$ 19.7 billion backlog by segment (Commercial, Executive, Defense).
- Assess the impact of the 2008-2009 global economic downturn on the company's order book and delivery schedules.
- Confirm the financial status of subsidiaries OGMA and HEAI, which are excluded from the reported employee count.