Embraer reduced losses by more than 80% in the first quarter of this year, compared to the result of the same period in 2023, reporting losses 63.5 million reais (11.6 million euros)the company announced this Tuesday.
In the first quarter of 2023, the aircraft manufacturer recorded a loss of 460.5 million reais (84.3 million euros).
According to the balance sheet published this Tuesday, The Brazilian company delivered 25 aircraft between January and March.of which 18 executive (11 light and seven medium) and seven commercial, data that indicates an increase of 67% compared to the 15 aircraft delivered in the first quarter of the previous year.
TO Embraer’s total order book reached 21.1 billion dollars (19.6 billion euros) in the first two months, the highest value in the last seven years.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 233.7 million reais (42.7 million euros) in the first quarter, a result that indicates a growth of 333.6% compared to the same period of the previous year (53.9 million reais or 9.8 million). euros).
The company’s balance sheet shows that revenues totaled 4.5 billion reais (824 million euros) in the quarter, that is, an increase of 19% compared to the same period of the previous year.
Toward Executive aviation revenues stood out with a growth of 2.6 times year after year: the highest revenue and number of deliveries in the first quarter of the last eight years.
The company’s debt amounted to 5.2 billion reais (952 million euros) in the first quarter of the year.
Embraer, individually, invested a total of 437.4 million reais (80 million euros) in the first quarter, slightly more than the 423.2 million reais (77.4 million euros) invested in the same period of the year. past, driven by the growth of training services (simulators), maintenance and executive aviation.
For this year, The company reinforced that it should deliver between 72 and 80 commercial aviation aircraft. Deliveries of business aviation aircraft should range between 125 and 135.
TO Embraer projects revenues of between 6.0 million dollars (5.5 billion euros) and 6.4 billion dollars (5.9 billion euros)), with an adjusted EBIT margin of between 6.5% and 7.5% and adjusted free cash flow of $220 million (€204.3 million) or higher for the year.
TO Embraer is a world leader in commercial aircraft manufacturing with up to 150 seats and has more than 100 clients around the world.
The Brazilian company maintains industrial units, offices, service centers and spare parts distribution, among other activities, in America, Africa, Asia and Europe.
In Portugal, Embraer remains a shareholder of OGMA – Indústria Aeronáutica de Portugal, with 65% of the capital, in Alverca.
Source: Observadora
