Brazilian planemaker Embraer SA (EMBR3.SA) on Friday boosted its net revenue forecast for 2023 as it expects supply chain disruptions to gradually ease and aircraft deliveries to increase.
The company, which in 2022 met the lower-end of its $4.5-5.0 billion net revenue forecast, said it expects to reach a net revenue of between $5.2 billion and $5.7 billion this year, which would represent growth of as much as 27%.
The move comes as Embraer, the world’s No. 3 planemaker after Boeing (BA.N) and Airbus (AIR.PA), makes a shift into growth after years of recovery from the COVID-19 pandemic and a failed commercial aviation deal with Boeing, chief executive Francisco Gomes Neto told Reuters in an interview.
“Our financial turnaround is concluded,” he said. “After the pandemic and the Boeing deal, 2021 and 2022 were years of recovery. From 2023 onwards we will have years of growth.”
This report’s information was first seen on REUTERS; to read more, click this link.
