SAO JOSE DOS CAMPOS, Brazil,
July 31, 2014 /PRNewswire/ -- EMBRAER
S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second
quarter 2014 results.
HIGHLIGHTS
- In the second quarter of 2014 (2Q14), Embraer delivered 29
commercial and 29 executive (22 light and 7 large) jets;
- The Company's firm order backlog ended 2Q14 at US$ 18.1 billion;
- As a result of aircraft deliveries, coupled with revenues from
the Company's Defense & Security business, 2Q14 Revenues were
US$ 1,761.3 million, for
year-over-year growth of 13.1%. Year-to-date (YTD) Revenues in the
first six months of 2014 were US$ 3,003.6
million, representing year-over-year growth of 13.6%;
- EBIT and EBITDA margins were 10.6% and 14.8% respectively, in
2Q14, and for the first six months of 2014 were 9.3% and 13.7%,
respectively;
- 2Q14 Net income attributable to Embraer Shareholders and
Earnings per basic ADS totaled US$ 143.4
million and US$ 0.7829,
respectively. For the first half of 2014, Net income attributable
to Embraer Shareholders was US$ 254.0
million and Earnings per basic ADS was US$ 1.3867;
- The Company's 2014 Guidance for financial performance and
Commercial and Executive aircraft deliveries published in February
remains unchanged.
MAIN FINANCIAL INDICATORS
|
in millions of U.S.
dollars, except % and earnings per share data
|
|
IFRS
|
(1)
1Q14
|
(1)
2Q13
|
(1)
2Q14
|
(1)
YTD14
|
|
Revenue
|
1,242.3
|
1,557.0
|
1,761.3
|
3,003.6
|
|
EBIT
|
92.1
|
135.3
|
186.8
|
278.9
|
|
EBIT Margin
%
|
7.4%
|
8.7%
|
10.6%
|
9.3%
|
|
EBITDA
|
151.0
|
203.7
|
261.4
|
412.4
|
|
EBITDA Margin
%
|
12.2%
|
13.1%
|
14.8%
|
13.7%
|
|
Adjusted Net
Income2
|
62.9
|
91.8
|
128.8
|
191.8
|
|
Net income (loss)
attributable to Embraer Shareholders
|
110.6
|
(5.3)
|
143.4
|
254.0
|
|
Earnings (loss)
per share - ADS basic (US$)
|
0.6044
|
(0.0291)
|
0.7829
|
1.3867
|
|
Net Cash
|
52.7
|
58.0
|
(114.3)
|
(114.3)
|
|
|
|
|
|
|
(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 2Q14 Results
on Thursday, July 31, 2014 at
10:30am (SP) / 9:30am (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: 69304532
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
SOURCE Embraer S.A.