Embraer Outlook: More of the Same This Year
Embraer delivered 119 executive jets worth $1.64 billion last year–up by 26 percent on 2012’s $1.29 billion–and nearly half of them (53) were handed over in the fourth quarter. The whole-year deliveries broke down as 90 light jets (60 Phenom 300s and 30 Phenom 100s) and 29 large jets (21 Legacy 600/650s and eight Lineage 1000/shuttles), and in the fourth quarter the tally was 38 light jets and 15 large jets.
The Brazilian manufacturer delivered 90 airliners in the full 12 months of last year (down from 106 in 2012), and 32 of them were handed over in the fourth quarter.
Projections for this year include delivery of 80 to 90 light executive jets, between 25 and 30 large executive jets and 92 to 97 airliners, contributing to anticipated company-wide revenues of between $6 billion and $6.5 billion, compared with $6.235 billion for 2013. The company ended 2013 with an order backlog valued at $18.2 billion from all segments (commercial, executive and defense & security), up 46 percent from $12.5 billion at the end of 2012.