ATR is targeting a book-to-bill ratio of over one in 2024 as the regional aircraft manufacturer reports a 53% increase in aircraft sold in 2023 compared to the previous year.
In 2023, the company achieved almost $1.2 billion in revenues for the first time post-pandemic, further supported by a ‘record year’ for services with revenues over $400 million. 36 aircraft were delivered in 36, a 44% increase from 2022, representing a ‘positive momentum’ despite ongoing supply chain disruptions and material shortages hindering the manufacturer’s ability to further ramp up production.
“2024 will be a year of stabilisation, paving the way for future growth,” highlighted ATR CEO Nathalie Tarnaud Laude, adding: “Our 2023 results underscore the value and relevance of our products and services and our ability to adapt to changing market dynamics”.
While Asia remains ATR’s ‘most dynamic market,’ the company also secured orders from Latin American and European customers in 2023, as well as taking on 11 new customers worldwide. ATR also recorded over 100 transactions on the second-hand market. New regulations related to rising environmental pressure also create opportunities to capture a ‘significant portion of the replacement market,’ notes ATR, especially in Europe, Japan, Canada and the US.
2024 to be a “year of stabilisation” for ATR
