Embraer told foreign journalists this week that it had already reached its fiscal year revenue target thanks to new aircraft orders. The Brazilian company expects to close its fiscal balance with revenues between $4.5 billion and $5 billion after suffering a decline in revenue in recent years.
According to Antonio Carlos Garcia, CFO of Embraer, to Reuters, there were already enough orders to reach the target, although there are doubts as to whether there will be production capacity to deliver the ordered aircraft.
Like other manufacturers, Embraer also suffers from the disruption of the production chain, caused by the Covid-19 pandemic.
The statement, however, contrasts with the absence of new orders for commercial aircraft and the reduction of the backlog by four jets in the first quarter. Despite this, Embraer revealed to have reached the highest value of backlog since 2018, with a total of $17.3 billion in aircraft pending delivery.
According to data released by airframer, the business aviation division posted the highest net revenue in the first quarter of 2022 with $445.4 million, followed by commercial aviation with $413.7 million. Services and support have also shown strong revenue growth, reaching $307.4 million in the first quarter of this year.
The defense and security division, on the other hand, had a modest result, with only $114.5 million in net sales. The segment, which sells the KC-390 airlifter, has been the target of negative headlines thanks to the repeated announcements of aircraft cancellation by the Brazilian Air Force.
