SAO JOSE DOS CAMPOS, Brazil,
Jan. 14, 2015 /PRNewswire/ -- Embraer
S.A. (NYSE: ERJ; BM&F BOVESPA: EMBR3) announces that it has
revised its Free Cash Flow guidance for 2014.
Based on preliminary information for fiscal year 2014, Free Cash
Flow guidance for 2014 has been revised from positive low double
digits, as disclosed on February 26,
2014, to negative Free Cash Flow of approximately
US$400 million.
Such decrease in Free Cash Flow guidance is mostly due to lower
revenues, as compared to earlier estimates, and an increase in
accounts receivables, reflecting extended payment cycles by some
clients.
Definitive information will be made available together with the
company's complete financial statements for the fiscal year
2014.
ABOUT EMBRAER
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's
largest manufacturer of commercial jets up to 120 seats, and one of
Brazil's leading exporters.
Embraer's headquarters are located in Sao Jose dos Campos,
Sao Paulo, and it has offices,
industrial operations and customer service facilities in
Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the
Company designs, develops, manufactures and sells aircraft and
systems for the commercial aviation, executive aviation, and
defense and security segments. It also provides after sales support
and services to customers worldwide. For more information, please
visit www.embraer.com.br.
This document may contain projections, statements and
estimates regarding circumstances or events yet to take place.
Those projections and estimates are based largely on current
expectations, forecasts of future events and financial trends that
affect Embraer's businesses. Those estimates are subject to risks,
uncertainties and suppositions that include, among others: general
economic, political and trade conditions in Brazil and in those markets where Embraer does
business; expectations of industry trends; the Company's investment
plans; its capacity to develop and deliver products on the dates
previously agreed upon, and existing and future governmental
regulations. The words "believe", "may", "is able", "will be able",
"intend", "continue", "anticipate", "expect" and other similar
terms are intended to identify potentialities. Embraer does not
undertake any obligation to publish updates nor to revise any
estimates due to new information, future events or any other facts.
In view of the inherent risks and uncertainties, such estimates,
events and circumstances may not take place. The actual results may
therefore differ substantially from those previously published as
Embraer expectations.
CONTACTS:
Headquarters (Brazil)
Rosana Dias
rosana.dias@embraer.com.br
Cell: +55 12 9724 4929
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411
North America
Robert Stangarone
rstangarone@embraer.com
Cell: +1 954 260 9939
Tel.: +1 954 359 3101
Fax: +1 954 359 4755
Europe, Middle East and Africa
Herve Tilloy
herve.tilloy@embraer.fr
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 138 1191 8053
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986
Asia Pacific
Nilma Missir-Boissac
Nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
Fax: +65 6734 3908
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/embraer-sa-2014-guidance-review-300020444.html
SOURCE Embraer S.A.