Embraer Order Backlog At 9-Year High
Date
11/8/2024 2:23:04 PM
(MENAFN- Brazil-Arab News Agency (ANBA))
São Paulo – The firm order backlog for Embraer , the Brazilian aircraft manufacturing company, hit USD 22.7 billion in Q3 of this year, a nine-year high and a 25% year-on-year and 10% quarter-on-quarter increase, the company reported this Friday (8).
Embraer delivered 59 jet aircraft during Q3, including two C-390 Millennium multi-mission cargo units. The number is up 26% from Q2 and 37% from Q3 2023. Revenue hit BRL 9.4 billion (USD 1.6 billion at current exchange rates), up nearly 50% year-on-year. Adjusted net income was BRL 1.18 billion (USD 204 million), up 604.3%, i.e., a sevenfold year-on-year increase.
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