SAO JOSE DOS CAMPOS, Brazil,
April 30, 2014 /PRNewswire/
-- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases
its first quarter 2014 results.
HIGHLIGHTS
- In the first quarter of 2014 (1Q14), Embraer delivered 14
commercial and 20 executive (17 light and 3 large) jets;
- The Company's firm order backlog grew to US$ 19.2 billion, reaching its highest level
since the second quarter of 2009, mainly as a result of orders in
the Commercial Aviation segment;
- As a result of aircraft deliveries, coupled with revenues from
the Company's growing Defense & Security business, 1Q14
Revenues reached US$ 1,242.3
million;
- Revenues increased by more than 50% in both the Defense &
Security and Executive Jets segments in 1Q14 compared to the prior
year's quarter, in line with the Company's diversification
strategy;
- EBIT and EBITDA margins were 7.4% and 12.2% respectively, in
1Q14;
- 1Q14 Net income attributable to Embraer Shareholders and
Earnings per basic ADS totaled US$ 110.6
million and US$ 0.6044,
respectively;
- Embraer ended 1Q14 with a net cash position of US$ 52.7 million.
MAIN FINANCIAL INDICATORS
|
in millions of U.S. dollars, except % and earnings
per share data
|
|
IFRS
|
(1)
4Q13
|
(1)
1Q13
|
(1)
1Q14
|
|
Revenue
|
2,304.0
|
1,085.9
|
1,242.3
|
|
EBIT
|
462.9
|
39.6
|
92.1
|
|
EBIT Margin %
|
20.1%
|
3.6%
|
7.4%
|
|
EBITDA
|
543.6
|
100.4
|
151.0
|
|
EBITDA Margin %
|
23.6%
|
9.2%
|
12.2%
|
|
Adjusted Net Income2
|
373.0
|
34.2
|
62.9
|
|
Net income attributable to Embraer
Shareholders
|
264.5
|
30.0
|
110.6
|
|
Earnings per share - ADS basic
(US$)
|
1.4513
|
0.1651
|
0.6044
|
|
Net Cash
|
429.3
|
98.2
|
52.7
|
|
(1) Derived from unaudited financial
information.
|
For additional information, please check the full document in
our website:
http://ri.embraer.com.br
INVESTOR RELATIONS
Luciano Froes, Caio Pinez, Christopher
Thornsberry, Claudio Massuda,
Nadia Santos and Paulo Ferreira
(+55 12)
3927-4404
investor.relations@embraer.com.br
http://ri.embraer.com.br
Follow Embraer's IR Department
on twitter: @IREmbraer
CONFERENCE CALL INFORMATION
Embraer will host a
conference call to present its 1Q14 Results on Wednesday, April 30, 2014 at 12:00pm (SP) / 11:00am (NY). The conference call will also
be broadcast live over the web at
http://ri.embraer.com.br
Telephones:
Operator Assisted (US/Canada) Toll-Free Dial-In Number: (877)
846-1574
Operator Assisted International Dial-In Number: (708) 290-0687
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047
4801 (cell phone)
Code: 21691536
SOURCE EMBRAER S.A.