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Brazil's Embraer sees deliveries, revenue growing in 2024
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Brazil's Embraer sees deliveries, revenue growing in 2024
Mar 18, 2024 4:05 AM

SAO PAULO, March 18 (Reuters) - Brazilian planemaker

Embraer ( ERJ ) expects both its aircraft deliveries and

revenues to grow in 2024, the company said on Monday.

The world's third-largest planemaker behind Boeing ( BA )

and Airbus estimated it will deliver between 125

and 135 executive jets this year, compared with 115 in 2023.

Deliveries from its commercial aviation segment are

expected to be between 72 and 80 planes, up from the 64 aircraft

it delivered last year.

It also forecast a growth of up to 21.5% in annual

consolidated revenue to a range of $6.0 billion to $6.4 billion.

In 2023, its yearly revenue landed at $5.27 billion, within its

estimated range of $5.2 billion to $5.7 billion.

Embraer ( ERJ ) reported a fourth-quarter adjusted net profit of

350.6 million reais ($70.20 million), up 55% from a year

earlier.

($1 = 4.9943 reais)

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