This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Embraer Announces Positive 4Q Results; Bonds Continue to Trend Higher
February 28, 2025
Brazilian plane maker Embraer reported a 2024 net profit of over BRL 2.6bn ($450mn), nearly eight times higher than the previous year, driven by record sales. In 2024, the company delivered 206 aircrafts, including 73 commercial jets, 130 executive jets, and three military planes, up from 181 in 2023. Revenues reached nearly BRL 35.4bn ($6.1bn), the highest ever. In 2023, the company had emerged from the red to record a net profit of BRL 333mn ($57.1mn). The company’s order backlog reached a record BRL 153bn ($26.3bn) by end-2024, up 40% YoY. Earlier this month, Embraer had secured a $7bn order from Flexjet. Embraer was upgraded as a rising star, to IG status by Moody’s and Fitch last year.
Its dollar bonds continued to trade positive with its 7% 2030s bond up by nearly 2.5 points during the month to 107.2, yielding 5.38%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Embraer Downgraded to BB By S&P on Weak Demand Prospects
February 22, 2021
Embraer Returns to Profit after Three Years
August 16, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.