Embraer has a new day of heavy fall; CVC drops to 7% and Gol skips 4% after operational data

<img alt = "The CvC has published an operating forecast for the second quarter of 2018, recording a 5.7% increase in confirmed travel reserves compared to the same period last year. last, totaling $ 3.094 billion, while first-half growth was 9.1% to R $ 6.24 billion, with sales in the same stores increasing 1.5% in the quarter and , 4% in the first half.

The company also noted that the figures were affected by the adversity generated by the truckers' strike, the 16% devaluation during the quarter and the impact of the World Cup. "We recognize that the short term is more difficult, but we find it temporary and non-structural (with non-recurring effects that affect quarterly results), which does not warrant changing our long-term positive outlook in the case," says BTG. Pactuel. Embraer shares opened higher, describing a recovery after falling 14% the day before the agreement between Embraer and Boeing for the creation of a joint venture that did not please [[Embraer]]

because of transaction values ​​and also with investors pocketing profits. EMBR3 shares rose about 1% during this session, but fell rapidly, accumulating losses of nearly 19% in two trading sessions.

In today 's newspapers, Broad Column points out that the joint venture between Embraer and Boeing sank the "golden share". Special Shares will be present only in the former Embraer; in the final design, this instrument has disappeared for the commercial aviation operating company in which Embraer will have a 20% stake and Boeing 80%. Valor Econômico reports that Embraer could have the support of the BNDES and the US-Exim to sell aircraft.

Watch out for the reaction of the Planalto Palace. The government understands that the announcement of the agreement between Boeing and Embraer will be followed by at least three months of agreement so that both companies can agree on the terms of the agreement. # 39; agreement. Therefore, he is careful in the assessment of the company.

Meanwhile, S & P said that if the Embraer-Boeing transaction occurs as advertised, there will be a potential negative impact on the because the dismemberment of commercial aircraft and service companies will significantly weaken its profile. business risk
S & P said in a report. Embraer's demotion of Embraer's remaining operations and the increase in its customer base would result in a decrease in earnings that could increase cash flow volatility, according to S & P. ​​

A Flows lower dividends from the new company and will have less participation in its strategic decisions because it will be a minority shareholder. * "If we move forward as proposed, we will re-evaluate the Embraer business risk profile and the new capital structure after the transaction."

Read more:
– Why Embraer shares fell by 14% if the Boeing case is good news?
– What to do Embraer shares after the fall of 14 Gol (GOLL4)

Gol reduced his domestic supply by 11% in the second quarter of 2018 compared to the same period of the year previous
– At Embraer headquarters, a mix of euphoria and concern

quarter ended in March. The airline expects operating margin of 1% to 1.5% during the quarter, at the same level as the operating margin for the quarter ended June 2017 of 1% . Cash flow from operations for the quarter ended June is estimated at R $ 500 million and R $ 550 million.

The expected passenger income (PRASK) for the quarter is higher between 7.5% and 8% Over the same period last year, the capacity management and revenue management strategies continue to benefit the results, says the airline.

Preliminary data are better than BTG's forecast. "We were expecting a slightly negative operating margin in the sorting, given the higher fuel prices associated with a lower real, in addition to the previously announced revenue of $ 29 million R & D and $ 39 million. additional operation of $ 8 million. "noted the banks.

Marfrig (MRFG3)

Marfrig Global has stated that it has received firm purchase offers from Keystone Foods, representing a new step in its sales process.

Petrobras (PETR3, PETR4)

Petrobras (PETR3, PETR4)

Petrobras (PETR3; PETR4)

Petrobras (PETR3; PETR4)

open up but see you soon refused amid the opening of the US stock markets. It is worth mentioning that the day is of a decline for oil, among Saudi Arabia's statements of increased production, as well as increasing trade tensions between the two countries. United States and China.

In the company radar Odebrecht to withdraw a precautionary blockade against the group. The commitment clause was signed following the leniency agreement with Odebrecht MPF and US authorities and provides for a set of obligations of integrity, says Petrobras in a statement. communicated.

Among the obligations provided for in the term of commitment, improvement points defined by Petrobras and subject to continuous audit. The agreement will allow the lifting of the injunction that has been in effect since December 29, 2014. The 14 companies continue to be blocked and prevented from being hired by Petrobras

With this, Construtora Norberto Odebrecht (now Odebrecht Engenharia e Construção) Odebrecht Oil and Gas (now Ocyan) can participate again in calls for tenders from the state, but must comply with a series of bids. "Integrity obligations," says Petrobras in a statement to the market

. gasoline in refineries
from R $ 2.0033 a liter to R $ 2.0249 per liter, according to
information on the company's website, with prices valid from day 7. The diesel price was maintained in R $ 2.0316 per liter.

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The state-owned company has yet released its second-quarter earnings schedule. The company will release its numbers on August 3 with a webcast on the same date.

Suzano (SUZB3)
Amid a new dollar rally, which renews its peak in two years and reaches 3,946 reais in the sale, Suzano shares have one highest gains of Ibovespa. The company has a good portion of its earnings related to the dollar because it is an exporter; in this way, it benefits in a context of high currency. The President of the House, Rodrigo Maia (DEM-RJ), expects that the highlights of the project that concerns the sale of distributors of Eletrobras should be voted in the next.

(19659008) Maia predicts that the bill will be appreciated by senators the very next day, since the approved text does not bring much news and is already known by parliamentarians. "I think we send it to the Senate on Wednesday night," he said. Mitsui & Co could increase its stake in Vale if other shareholders sell some of its shares, said Yukio Takebe, executive director of Mitsui who runs the company. energy and metals. Mitsui wants to remain involved in Vale's management, says Takebe, who pointed out that Mitsui is unlikely to buy all of Vale's shares for sale, but "does not rule out the possibility".

Mitsui currently owns 5.42% at Vale, according to data compiled by Bloomberg. Banrisul has decided to delay the completion of the initial public offering due to the current capital market conditions, the bank said in a relevant fact.

] The application for registration as a public company and issuer of class "A" securities of Banrisul Tarjetas will continue its regular course before CVM , depending on the relevant fact.

São Martinho (SMTO3) and Cosan (CSAN3)

São Martinho and Raízen Energia, a joint venture between Cosan and Shell, have concluded the acquisition of the biological assets of Usina Açucareira Furlan, related to the Santa Bárbara factory of Oeste in the interior of São Paulo. In fact, São Martinho informs that the total value of the transaction is 118 million reais. The two companies will take over the agriculture and supply contracts totaling about 1 million tonnes of sugar cane in the region, 70% of which is from own production and 30% from third parties. São Martinho will assume two thirds of these contracts, and a third will be with Raízen. Each company will pay the proportional value related to the transaction.

São Martinho will treat his share in Iracema's factory in Iracemápolis. The mill's machining capacity will increase from 3 million tons to 3.5 million tons. Investments for this expansion will rise to $ 12.4 million, according to the company. This contribution will increase production per harvest up to 30 thousand tons of sugar or 30 thousand cubic meters of ethanol, in addition to 18 thousand MWh of additional energy.

Kroton (KROT3)

Kroton announced new organizational structure. With the resignation of US Vice President Matio Matiello, responsible for managing classrooms and campuses, the company will put into practice the integration of face-to-face operations and distance education. The organizational structure that is able to correctly capture this hybridization trend is the path that generates the most value. The EAD Regulatory Framework, approved last year, opened for some program components to be offered in person and in one (with part-time courses and some of the content explored in the program). ; EAD)

In this way, the duties of face-to-face teaching and the Kroton campus will be absorbed by Roberto Valerio Neto, solely responsible for EAD graduation, will now assume the role of director of higher education, m "

" We believe that the integration of areas could contribute to the creation of new course offerings, and possibly reduce the operating expenses that the structures have separated, "points out Coinvalores.

(With state agency and Bloomberg)