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    EMBR3   BREMBRACNOR4

EMBRAER S.A.

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Embraer S A : Brazil's Embraer sells 100 aircraft to NetJets, shares rise

10/11/2021 | 11:55am EST
FILE PHOTO: Embraer Phenom 300E aircraft at LABACE in Sao Paulo

SAO PAULO (Reuters) - Embraer has signed a deal valued at more than $1.2 billion to sell an additional 100 aircraft to NetJets, the Brazilian planemaker said on Monday, sending its shares higher.

Embraer said it expects to deliver the Phenom 300E jets from the second quarter of 2023. NetJets is a U.S. company that offers shared ownership of private business jets.

Brazil-traded shares in Embraer were up 6% at 26.25 reais in early afternoon trading, outperforming the broader Bovespa stock index, which rose 0.70%.

NetJets, owned by Warren Buffett's Berkshire Hathaway, plans to use the new aircraft in its U.S. and European operations, Embraer said.

The deal also includes a "comprehensive" service contract, according to Embraer.

A securities filing said Embraer's agreement with NetJets is the second phase of a 2010 deal in which the U.S. company acquired 50 Phenom planes with an option to purchase an additional 75 aircraft.

Analysts at Guide Investimentos said the deal is positive for Embraer as it marks an operational resumption for the company, which was hit by the pandemic.

(Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman and Dan Grebler)

By Gabriel Araujo


© Reuters 2021
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Analyst Recommendations on EMBRAER S.A.
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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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Embraer S.A. Technical Analysis Chart | EMBR3 | BREMBRACNOR4 | MarketScreener
Technical analysis trends EMBRAER S.A.
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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%
EPS Revisions
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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