On Friday, Embraer presented its results for the 3rd quarter of 2021, showing better figures than in the same period last year.
In all, the Brazilian company had a net income of $958 million between July and September, $200 million more than in the 3rd quarter of 2020, but a result lower than in the 2nd quarter of this year.
All divisions of the manufacturer showed growth in the quarter, with the service and support sector having the largest share (29%), followed by executive aviation with 27%. The defense and security sector, although it increased its turnover to $177 million, lost space to other areas.
Commercial aviation, Embraer’s most important division, reached net revenue of $242 million (25.4%), a significant growth in relation to the 3rd quarter of 2020.
During this period, nine commercial jets were delivered against seven aircraft in 2020. In addition to the greater number of aircraft, the number of E195-E2 jets influenced the result, three units against none in the same period last year.
As it has a higher unit value than the first-generation E175 and E190, the company’s largest commercial jet naturally increased revenues. However, the numbers are more modest than in the 2nd quarter when Embraer delivered 14 commercial aircraft and achieved revenue of $389 million.
Embraer expects to end 2021 with between 45 and 50 commercial jets delivered, which means surpassing last year’s total when the company delivered 44 aircraft. In the first nine months of this year there were 32 aircraft, which would mean that at least 13 units will have to be shipped to its customers by December.