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SAO PAULO, Jan 30 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA), opens new tab reported on Tuesday deliveries of 75 jets in the fourth quarter, making both its executive and commercial jets slightly miss the full-year delivery guidance. The company delivered 49 executive jets in the last three months of the year, bringing the annual total to 115 aircraft, compared to its guidance of a range of 120-130 jets. The business "continued its sales momentum with sustained demand across its entire product portfolio," the company said. Advertisement · Scroll to continueReport Ad Commercial aircraft delivered in the quarter reached 25 units, taking the yearly figure to 64, also below Embraer's guidance of between 65 and 70. Embraer, the world's third-largest planemaker behind Boeing (BA.N), opens new tab and Airbus (AIR.PA), opens new tab, said it "continues to face supply chain delays which have affected 2023 deliveries." The company had previously said some deliveries scheduled for the third quarter had to be moved to the next one due to supply chain issues. Despite the miss, total deliveries grew 13% to 181 in 2023, including two aircraft from its defense and security unit. Its firm order backlog grew by $1.2 billion from 2022, ending the year at $18.7 billion, the highest since the first quarter of 2018, Embraer said. Advertisement · Scroll to continue "Delivery figures were a bit short of our expectations," analysts at JPMorgan (JPM.N), opens new tab said in a note to clients. However, they expect "a positive reaction as deliveries were above Cirium and buy-side consensus data, while backlog also reached the highest level since 2018 with all segments showing a year-on-year increase." Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV2143896119 About ConnatixV2143896119 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Reporting by Peter Frontini; Editing by Brendan O'Boyle and Chris Reese Purchase Licensing Rights Get the key points from this story with Reuters AI
