SAO JOSE DOS CAMPOS, Brazil,
July 30, 2015 /PRNewswire/ -- Embraer
S.A. (NYSE: ERJ; BM&F BOVESPA: EMBR3) announces that it has
revised its Total Revenue, Revenue for Defense and Security
Segment, EBIT Margin and EBITDA Margin guidance for 2015.
The Company is revising its 2015 Guidance for Total Revenues,
EBIT margin, and EBITDA margin. Consolidated Revenues for the year
are now expected to stay within a range of US$ 5.8 – US$ 6.3
billion, a reduction from the previous range of US$ 6.1 – US$ 6.6
billion. The decline in Revenue guidance for the year is due
to a US$ 300 million reduction in
expected revenues in the Defense & Security segment, which
Embraer now expects to end 2015 within US$
800 – US$ 950 million. This
reduction is driven by the combination of the negative impact of
continued devaluation of the Brazilian real versus the U.S. dollar
and a slower pace of development work on certain Defense &
Security contracts.
Despite lower revenues for the year, the Company's guidance for
EBIT and EBITDA remains unchanged, within a range of US$ 490 – US$ 560
million and US$ 730 –
US$ 860 million, respectively, due
primarily to the positive impact from the devaluation of the real
versus the U.S. dollar on Embraer's consolidated margins.
EBIT margin guidance is now revised up to 8.5% – 9,0% from a
previous range of 8.0% – 8.5%, and EBITDA margin guidance raised to
12.6% - 13.6% from 12.0 – 13.0%
2015 - NET
REVENUES OUTLOOK (US$ BILLION)
|
|
|
|
PREVIOUS
|
|
CURRENT
|
|
Commercial
Aviation
|
$3.20
|
-
|
$3.40
|
|
$3.20
|
-
|
$3.40
|
|
Executive
Jets
|
$1.70
|
-
|
$1.85
|
|
$1.70
|
-
|
$1.85
|
|
Defense &
Security
|
$1.10
|
-
|
$1.25
|
|
$0.80
|
-
|
$0.95
|
|
Others
|
$0.10
|
-
|
$0.10
|
|
$0.10
|
-
|
$0.10
|
|
EMBRAER
|
$6.10
|
-
|
$6.60
|
|
$5.80
|
-
|
$6.30
|
|
2015 - EBIT &
EBITDA OUTLOOK (US$ MILLION)
|
|
|
|
PREVIOUS
|
|
CURRENT
|
|
EBIT
|
$490
|
-
|
$560
|
|
$490
|
-
|
$560
|
|
EBIT
Margin
|
8.0%
|
-
|
8.5%
|
|
8.5%
|
-
|
9.0%
|
|
EBITDA
|
$730
|
-
|
$860
|
|
$730
|
-
|
$860
|
|
EBITDA
Margin
|
12.0%
|
-
|
13.0%
|
|
12.6%
|
-
|
13.6%
|
|
The Company reiterates all other aspects of its 2015
Guidance.
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.
Headquarters (Brazil)
Saulo Passos
press@embraer.com.br
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411
North America
Alyssa Ten Eyck
aeyck@embraer.com
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Fax: +1 954 359 3701
Europe, Middle East and Africa
pressEMEA@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: +86 185 1378 5180
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-material-fact-300121149.html
SOURCE Embraer S.A.