SAO JOSE DOS CAMPOS, Brazil, April
30, 2015 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ;
BM&FBOVESPA: EMBR3,) releases first quarter 2015 results.
HIGHLIGHTS
- In the first quarter of 2015 (1Q15), Embraer delivered 20
commercial and 12 executive (10 light and 2 large) jets;
- The Company's firm order backlog ended the quarter at
US$ 20.4 billion, compared to
US$ 19.2 billion at the end of 1Q14
and $20.9 billion in backlog at the
end of 2014;
- As a result of aircraft deliveries, coupled with revenues from
the Company's Defense & Security business, 1Q15 revenues were
US$ 1,055.9 million;
- EBIT and EBITDA margins were 7.5% and 14.1%, respectively, in
1Q15, which were higher than the 7.4% EBIT margin and 12.2% EBITDA
margin registered in 1Q14;
- 1Q15 Net loss attributable to Embraer Shareholders and Loss per
basic ADS totaled US$ (61.7) million
and US$ (0.3370), respectively;
- Adjusted Net Income in 1Q15 was $48.3
million, which excludes non-cash deferred income taxes and
social contribution;
- Embraer ended 1Q15 with a total cash position of US$ 1,808.0 million and total debt of
US$ 2,389.3 million, yielding a net
debt position of US$ 581.3 million in
the quarter.
MAIN FINANCIAL INDICATORS
|
in millions of U.S.
dollars, except % and earnings per share data
|
|
IFRS
|
(1)
4Q14
|
(1)
1Q14
|
(1)
1Q15
|
|
Revenue
|
2,045.5
|
1,242.3
|
1,055.9
|
|
EBIT
|
196.3
|
92.1
|
79.6
|
|
EBIT Margin
%
|
9.6%
|
7.4%
|
7.5%
|
|
EBITDA
|
281.3
|
151.0
|
149.1
|
|
EBITDA Margin
%
|
13.8%
|
12.2%
|
14.1%
|
|
Adjusted Net Income
2
|
129.4
|
62.9
|
48.3
|
|
Net income (loss)
attributable to Embraer Shareholders
|
91.4
|
110.6
|
(61.7)
|
|
Earnings (loss) per
share - ADS basic (US$)
|
0.4983
|
0.6044
|
(0.3370)
|
|
Net Cash
(Debt)
|
(84.5)
|
52.7
|
(581.3)
|
|
(1) Derived from
unaudited financial information
|
For additional information, please check the full document in
our website: http://ri.embraer.com.br
INVESTOR RELATIONS
Eduardo
Couto, 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 1Q15 Results on Thursday, April 30, 2015 at 10:30am (SP) / 9:30am (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: 17595920
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/embraer-releases-first-quarter-2015-results-300074816.html
SOURCE EMBRAER S.A.