Brazil’s Embraer full-year revenue rises 11% to $4.2bn in 2021

Brazilian airframer Embraer ended 2021 on a high note, posting total revenue of $4.2b, up from $3.8b in 2020. The San Jose dos Campos-headquartered company says, however, that fourth quarter revenue was lower than during the same period a year ago, falling to $1.3b during the final three months of the year, compared to $1.8b in 2020. That decline comes as a result of the company delivering fewer jets in the final quarter of the year – 55 compared to 71 in the same period in 2020. Embraer says, though, that it earned a profit of $2.1m in Q4 2021, compared to a $3.3m loss in the same quarter in 2022. For the full year, the airframer’s loss shrank to $44.7m, from $732m in 2020. The company’s commercial aviation unit reported 2021 revenue growth of 18%, to $1.32b, due to higher E195-E2 deliveries in 2021, and higher prices, Embraer says. “The E-Jets E2 family (especially the E195 E2) representing 44% of deliveries in 2021, compared to 25% of total deliveries in 2020,” the company adds. Executive aviation jets’ 2021 revenue rose 5% year-on-year, to $1.13b, driven by higher deliveries and higher prices also. All told, the airframer delivered 141 jets during the year - 48 commercial aircraft and 93 executive jets (62 light and 31 mid-size). In 2020, the company delivered 130 aircraft in total. At the end of 2021, the company’s backlog stood at $17b – the highest since Q2 2018.<br/>