EMBRAER S.A.: Notice to the Market: Russia-Ukraine Conflict
Sentiment and the balance of points
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Rhea-AI Summary
Embraer S.A. (NYSE: ERJ) announced impact from the Russia-Ukraine conflict, suspending parts, maintenance, and technical support services to comply with sanctions against Russia, Belarus, and specific regions of Ukraine. The company reassured stakeholders regarding its titanium supply chain, citing a strong inventory position and current contracts with suppliers outside affected areas. Embraer committed to continuously monitoring its supply chain and will keep the market updated on any new developments related to this situation.
Positive
- Strong current inventory position of titanium.
- Existing contracts for titanium provision with companies in other countries.
Negative
- Suspension of parts, maintenance, and technical support services for certain customers due to sanctions.
Details
News Market Reaction – ERJ
The recorded move for ERJ in the trading session of this news was +7.54%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SÃO JOSÉ DOS CAMPOS, Brazil, March 9, 2022 /PRNewswire/ -- Embraer S.A. ("Embraer" or "Company") (B3: EMBR3, NYSE: ERJ) hereby informs the market about the impacts in its business and operations resulting from the Russia and Ukraine conflict.
The Company has suspended parts, maintenance, and technical support services for certain customers to comply with the sanctions imposed on Russia, Belarus, and certain regions of Ukraine by laws of jurisdictions to which Embraer is subject.
In addition, Embraer informs that there is no immediate concern over the availability of titanium in its supply chain, considering its strong current inventory position and the existing contracts for the provision of this material with companies in other countries. Embraer will continue to monitor its supply chain and to seek alternative sources.
The Company will keep the market duly informed about new material information relating to the matter.
Antonio Carlos Garcia
Executive Vice-President and Investor Relations
View original content:https://www.prnewswire.com/news-releases/embraer-sa-notice-to-the-market-russia-ukraine-conflict-301499013.html
SOURCE Embraer S.A.
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