SAO JOSE DOS CAMPOS, Brazil,
July 30, 2015 /PRNewswire/
-- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases
second quarter 2015 results.
HIGHLIGHTS
- In 2Q15, Embraer delivered 27 commercial and 33 executive (26
light and 7 large) jets. Deliveries in the first half of 2015 were
47 commercial jets and 45 executive (36 light and 9 large)
jets;
- During 2Q15, the Company announced 102 firm orders for the
current and second generation of the E-Jets commercial jets,
reaching a total of 124 firm orders year-to-date;
- The Company's firm order backlog ended 2Q15 at US$ 22.9 billion, the highest in Embraer's
history. This compares to US$ 20.4
billion in backlog at the end of 1Q15 and $20.9 billion at the end of 2014;
- As a result of aircraft deliveries, coupled with revenues from
the Company's Defense & Security business, 2Q15 revenues were
US$ 1,513.2 million;
- EBIT and EBITDA margins were 6.8% and 11.7%, respectively, in
2Q15;
- 2Q15 Net income attributable to Embraer Shareholders and
Earnings per basic ADS totaled US$ 129.3
million and US$ 0.7096,
respectively;
- Embraer generated US$ 72.7
million in Free Cash Flow during 2Q15;
- The Company issued US$ 1.0
billion in debt with a coupon rate of 5.05% maturing in
2025, with proceeds of US$ 996.8
million, for use in repayment of existing debt and general
corporate purposes;
- Embraer reiterates its EBIT and EBITDA guidance for 2015 at
US$ 490 – US$
560 million and US$ 730 –
US$ 850 million, respectively.
However, in order to reflect the recent devaluation of the
Brazilian real versus the U.S. dollar, the Company now
expects 2015 consolidated revenues to range from US$ 5.8 – US$ 6.3
billion (US$ 6.1 to US$ 6.6
billion previously). EBIT margin should reach 8.5% to 9.0%
in 2015 (8.0% to 8.5% previously) and 2015 EBITDA margin should
range from 12.6% to 13.6% (12.0% to 13.0% previously). All other
aspects of the Company's financial and delivery guidance are
unchanged.
Main financial indicators
|
in millions of U.S dollars, except % and
earnings per share data
|
|
IFRS
|
(1)
|
(1)
|
(1)
|
(1)
|
|
1Q15
|
2Q14
|
2Q15
|
YTD15
|
|
Revenue
|
1,055.9
|
1,761.3
|
1,513.2
|
2,569.1
|
|
EBIT
|
79.6
|
186.8
|
102.2
|
181.8
|
|
EBIT Margin
%
|
7.5%
|
10.6%
|
6.8%
|
7.1%
|
|
EBITDA
|
149.1
|
261.4
|
177.6
|
326.8
|
|
EBITDA Margin
%
|
14.1%
|
14.8%
|
11.7%
|
12.7%
|
|
Adjusted Net
Income
|
48.3
|
128.8
|
122.5
|
170.8
|
|
Net income (loss)
attributable to Embraer Shareholders
|
(61.7)
|
143.4
|
129.3
|
67.6
|
|
Earnings (loss) per
share - ADS basic (US$)
|
(0.3370)
|
0.7829
|
0.7096
|
0.3708
|
|
Net Cash
(Debt)
|
(581.3)
|
(114.3)
|
(510.7)
|
(510.7)
|
|
(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 2Q15 Results
on Thursday, July 30, 2015 at
10:30am (SP) and 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: 61529516
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/embraer-releases-second-quarter-2015-results-300121153.html
SOURCE Embraer S.A.