Embraer Announces Its First Quarter 2014 Results - KCTV5

Embraer Announces Its First Quarter 2014 Results

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SOURCE EMBRAER S.A.

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

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