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    EMBR3   BREMBRACNOR4

EMBRAER S.A.

(EMBR3)
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Embraer S A : Brazil's Embraer delivers 30 jets in Q3, sees $16.8 billion backlog

10/21/2021 | 01:53pm EST
FILE PHOTO: FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos

SAO PAULO (Reuters) - Brazilian planemaker Embraer delivered 30 jets in the third quarter, up 7.1% from a year earlier but down 11.7% from the previous quarter, it said on Thursday, adding the deliveries comprised nine commercial planes and 21 executive jets.

Embraer also said in a securities filing that its firm order backlog totaled $16.8 billion in Sept. 30, up from $15.1 billion in the same period of 2020 and $15.9 billion at the end of the second quarter of 2021.

According to the Brazilian company, its commercial aircraft deliveries were down five units from the previous quarter, while executive aircraft deliveries rose by one unit.

Itau BBA analysts said the figures showed good overall performance in deliveries and a robust backlog, in line with expectations, despite commercial deliveries having declined after a "strong" second quarter.

"We believe that the overall performance was solid, suggesting that demand continues to recover ... Our optimism is reinforced by the $16.8 billion backlog," Itau BBA said, maintaining its "outperform" rating for Embraer shares.

Brazil-traded shares in Embraer were down 1.8% at 24.20 reais in early afternoon trading, but outperformed the broader Bovespa stock index, which plunged 2.9% on worries the country would breach its constitutional spending cap to fund a new welfare program.

(Reporting by Gabriel Araujo; Editing by Edmund Blair and David Gregorio)


© Reuters 2021
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Financials (USD)
Sales 2021 4 447 M - -
Net income 2021 -42,3 M - -
Net Debt 2021 1 710 M - -
P/E ratio 2021 -42,8x
Yield 2021 -
Capitalization 2 517 M 2 529 M -
EV / Sales 2021 0,95x
EV / Sales 2022 0,77x
Nbr of Employees 15 658
Free-Float 93,8%
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 3,43 $
Average target price 4,88 $
Spread / Average Target 42,6%
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Managers and Directors
Francisco Gomes Neto President & Chief Executive Officer
Antonio Carlos Garcia Chief Financial & Investor Relations Officer, EVP
Alexandre Gonçalves da Silva Chairman
Daniel Moczydlower EVP-Engineering & Technology
Luís Carlos Affonso VP-Engineering, Technology & Corporate Strategy
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