São Paulo – Brazilian aircraft manufacturer Embraer ended 2021 with net revenue of BRL 22.7 billion (about USD 4.53 billion at the current rate), a 15% increase over 2020. The company delivered a total of 141 jets: 48 commercial aircraft and 93 executive jets (62 light and 31 medium). Data were released on Wednesday (9) night by the company.
According to Embraer, the company’s commercial aviation sector ended 2021 with a 23% revenue growth, BRL 7.1 billion (about USD 1.41 billion), due to the increase in deliveries of the E195-E2 jets and higher prices. Executive aviation attained BRL 6.1 billion (about USD 1.21 billion) in revenue – a 9% expansion, driven by the increase in deliveries.
The defense and security area suffered an 8% drop, to BRL 3.1 billion (about USD 618.8 million), having been mainly impacted by the negotiation with the Brazilian Air Force (FAB) concerning the KC-390 contract, in which the number of aircraft to be delivered was reduced from 28 to 22 units.
The services and support area achieved a 29% gain in its revenue in 2021, reaching BRL 6.1 billion (about USD 1.21 billion). According to Embraer, the improvement is expected to extend as airline operations upturn from the pandemic’s peak in 2020.
According to the released balance, the company ended 2021 with net debt of BRL 7.7 billion (about USD 1.53 billion), a decrease after the accumulated BRL 8.8 billion (about USD 1.75 billion) at the end of 2020. Firm orders in backlog at the end of 2021 amounted to USD 9.0 billion in commercial aviation; USD 2.9 billion in executive; USD 2.7 billion in defense and security; and USD 2.4 billion in services & support.
Translated by Elúsio Brasileiro
