SAO JOSE DOS CAMPOS, Brazil,
March 4, 2015 /PRNewswire/ -- Embraer
releases fourth quarter and fiscal year 2014 results and 2015
outlook.
HIGHLIGHTS
- In the fourth quarter of 2014 (4Q14), Embraer delivered 30
commercial and 52 executive (38 light and 14 large) jets and ended
the year with total deliveries of 92 commercial and 116 executive
(92 light and 24 large) aircraft, thus meeting the Company's total
deliveries Guidance for 2014;
- Revenues in 4Q14 reached US$ 2,045.5
million and in 2014 were US$ 6,288.8
million, also meeting the Company's 2014 Revenue Guidance
range of US$ 6.0 to US$ 6.5
billion;
- EBIT and EBITDA margins were 9.6% and 13.8%, respectively, in
4Q14, and for fiscal year 2014 the EBIT and EBITDA margins were
8.6% and 13.2%, respectively. EBITDA margin was within the
Company's Guidance range of 13.0% to 14.0% for the year;
- Embraer finished 2014 with a total cash balance of US$ 2,423.6 million and a net debt position of
US$ 84.5 million;
- 4Q14 Net income attributable to Embraer Shareholders and
Earnings per ADS totaled US$ 91.4
million and US$ 0.4983,
respectively, and fiscal year 2014 Net income attributable to
Embraer Shareholders and Earnings per ADS totaled US$ 334.7 million and US$
1.8247, respectively.
- For 2015, Company Guidance is for expected Net Revenues of
US$ 6.1 to US$ 6.6 billion, driven by
expected deliveries of 95 to 100 jets in the Commercial Aviation
segment and 35 to 40 large jets and 80 to 90 light jets in the
Executive Jets segment, with Defense & Security revenues of
US$ 1.1 to US$ 1.25 billion for the
year;
- The Company's backlog ended 2014 at a value of US$ 20.9 billion, representing 15% growth from
the US$ 18.2 billion reported at the
end of 2013.
Main financial indicators[1]
in millions of U.S
dollars, except % and earnings per share data
|
IFRS
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
3Q14
|
4Q13
|
4Q14
|
2013
|
2014
|
Revenue
|
1,239.7
|
2,304.0
|
2,045.5
|
6,235.0
|
6,288.8
|
EBIT
|
68.1
|
462.9
|
196.3
|
713.4
|
543.3
|
EBIT Margin
%
|
5.5%
|
20.1%
|
9.6%
|
11.4%
|
8.6%
|
EBITDA
|
135.9
|
543.6
|
281.3
|
1,004.0
|
829.6
|
EBITDA Margin
%
|
11.0%
|
23.6%
|
13.8%
|
16.1%
|
13.2%
|
Adjusted Net Income
(Loss) ²
|
92.6
|
373.0
|
129.4
|
534.6
|
413.8
|
Net income (loss)
attributable to Embraer Shareholders
|
(10.7)
|
264.5
|
91.4
|
342.0
|
334.7
|
Earnings (loss) per
share - ADS basic (US$)
|
(0.0584)
|
1.4513
|
0.4983
|
1.8764
|
1.8247
|
Net Cash
(Debt)
|
(326.6)
|
429.3
|
(84.5)
|
429.3
|
(84.5)
|
|
|
|
(1) Derived from
unaudited financial information.
|
|
|
|
|
|
(2) Derived from
audited financial information.
|
|
|
|
|
|
For additional information, please check the full document in
our website: http://ri.embraer.com.br
Investor Relations
Eduardo Couto, Caio Pinez,
Christopher Thornsberry, Cláudio
Massuda, Nádia 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 4Q14 Results
on Thursday, March 5, 2015 at
1:30pm (SP) / 11:30am (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: 51346005
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 São José dos Campos, São
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-releases-fourth-quarter-and-fiscal-year-2014-results-and-2015-outlook-300045840.html
SOURCE Embraer S.A.