SAO JOSE DOS CAMPOS, Brazil,
Nov. 6, 2014 /PRNewswire/
-- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3,) releases
its third quarter 2014 results.
HIGHLIGHTS
- In the third quarter of 2014 (3Q14), Embraer delivered 19
commercial and 15 executive (all light) jets;
- The Company's firm order backlog ended 3Q14 at US$ 22.1 billion, an all-time Company
record;
- As a result of lower total aircraft deliveries, partially
offset by higher revenues from the Company's Defense & Security
business, 3Q14 Revenues were US$ 1,239.7
million, for a year-over-year decline of 3.8%. Year-to-date
(YTD) Revenues in the first nine months of 2014 were US$ 4,243.3 million, representing year-over-year
growth of 7.9%;
- EBIT and EBITDA margins were 5.5% and 11.0% respectively, in
3Q14, and for the first nine months of 2014 were 8.2% and 12.9%,
respectively;
- 3Q14 Net income (loss) attributable to Embraer Shareholders and
Earnings (loss) per basic ADS totaled US$
(10.7) million and US$
(0.0584), respectively. For the first nine months of 2014,
Net income (loss) attributable to Embraer Shareholders was
US$ 243.3 million and Earnings (loss)
per basic ADS was US$ 1.3272;
- The Company's 2014 Guidance for financial performance and
Commercial and Executive aircraft deliveries published in February
remains unchanged.
- Embraer was listed for the fifth consecutive year on the Dow
Jones Sustainability Index.
MAIN FINANCIAL INDICATORS
|
in millions of U.S
dollars, except % and earnings per share data
|
|
IFRS
|
(1)
2Q14
|
(1)
3Q13
|
(1)
3Q14
|
(1)
YTD14
|
|
|
|
|
|
|
Revenue
|
1,761.3
|
1,288.2
|
1,239.7
|
4,243.3
|
|
EBIT
|
186.8
|
75.8
|
68.1
|
347.0
|
|
EBIT Margin
%
|
10.6%
|
5.9%
|
5.5%
|
8.2%
|
|
EBITDA
|
261.4
|
156.4
|
135.9
|
548.3
|
|
EBITDA Margin
%
|
14.8%
|
12.1%
|
11.0%
|
12.9%
|
|
Adjusted Net Income
(Loss) ²
|
128.8
|
35.8
|
92.6
|
284.4
|
|
Net income (loss)
attributable to Embraer Shareholders
|
143.4
|
52.9
|
(10.7)
|
243.3
|
|
Earnings (loss) per
share - ADS basic (US$)
|
0.7829
|
0.2905
|
(0.0584)
|
1.3272
|
|
Net Cash
(Debt)
|
(114.3)
|
(19.6)
|
(326.6)
|
(326.6)
|
|
(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 3Q14 Results
on Thursday, November 6, 2014 at
8:30am (NY). The conference call
will also be broadcast live over the web at
http://ri.embraer.com
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: 16939547
SOURCE Embraer S.A.