Embraer delivered 35 commercial aircraft in Q2 2017

Embraer 190 aircraftBrazilian aircraft manufacturer Embraer delivered 35 commercial aircraft and 24 business jets to customers in second quarter of 2017. The report notes significant year-on-year growth in commercial aircraft assembling, as well as total growth of 13.5%. In the second quarter of 2016, the company supplied 26 commercial and 26 business jets.

Notably, the company exited the reported quarter with an order backlog of 18.5 billion USD, lower than the first-quarter level of 19.2 billion USD. Embraer’s backlog was pegged at 417 aircraft.

“The company’s order book is 18.5 billion USD. Revenues in the second quarter of 2017 increased by 29.5% compared to the same period last year and reached 1.769 billion USD”, said the company in official statement.

Meanwhile, Embraer posted total revenue of 1.769 billion USD, surpassing the economists estimates. Revenues also increased 29.5% year over year owing to higher deliveries at the Commercial Aviation segment, favorable mix of deliveries in the Executive Jets segment, the launch of the Brazilian Strategic Geostationary Defense & Communications satellite, and growth in services revenues.

Despite the improved revenue performance, Embraer’s business jet revenues are still down close to 18% for the first half to 566 million USD.