SAO JOSE DOS CAMPOS, Brazil,
April 29, 2016 /PRNewswire/ --
EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its first
quarter 2016 results.
HIGHLIGHTS
- In the first quarter of 2016 (1Q16), Embraer delivered 21
commercial and 23 executive (12 light and 11 large) jets,
representing an increase of 38% in total deliveries compared to
1Q15;
- The Company's firm order backlog ended the quarter at
US$ 21.9 billion, compared to
US$ 20.4 billion at the end of 1Q15
and $22.5 billion in backlog at the
end of 2015;
- As a result of higher aircraft deliveries in both the
Commercial Aviation and Executive Jets segments, 1Q16 revenues were
US$ 1,309.0 million, an increase of
24% compared to 1Q15;
- EBIT and EBITDA margins were 6.5% and 12.8%, respectively,
in 1Q16 (compared to 7.5% and 14.1% in 1Q15), and EBIT and EBITDA
for the quarter were US$ 85.7 million
and US$ 167.6 million, respectively
(versus US$ 79.6 million and
US$ 149.1 million in 1Q15);
- 1Q16 Net income attributable to Embraer Shareholders and
Earnings per basic ADS totaled US$ 103.9
million and US$ 0.5690,
respectively;
- Adjusted Net Loss, which excludes non-cash deferred income
taxes and social contribution largely related to the impact of
foreign exchange variation on non-monetary assets, was a loss of
US$ (1.7) million in 1Q16;
- Embraer ended 1Q16 with a total cash position of US$ 3,443.3 million and total debt of
US$ 3,663.2 million, yielding a net
debt position of US$ 219.9 million in
the quarter;
- The Company reiterates all aspects of its financial and
delivery outlook for 2016.
MAIN FINANCIAL INDICATORS
|
in millions of U.S
dollars, except % and earnings per share data
|
|
IFRS
|
(1)
|
(1)
|
(1)
|
|
4Q15
|
1Q15
|
1Q16
|
|
Revenue
|
2,074.4
|
1,055.9
|
1,309.0
|
|
EBIT
|
65.3
|
79.6
|
85.7
|
|
EBIT Margin
%
|
3.1%
|
7.5%
|
6.5%
|
|
EBITDA
|
163.6
|
149.1
|
167.6
|
|
EBITDA Margin
%
|
7.9%
|
14.1%
|
12.8%
|
|
Adjusted Net
Income
|
29.7
|
48.3
|
(1.7)
|
|
Net income (loss)
attributable to Embraer Shareholders
|
111.2
|
(61.7)
|
103.9
|
|
Earnings (loss) per
share - ADS basic (US$)
|
0.6091
|
(0.3370)
|
0.5690
|
|
Net Cash
(Debt)
|
7.2
|
(535.6)
|
(219.9)
|
|
|
|
(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,
Nadia Santos, Paulo Ferreira and Viviane Pinheiro.
(+55 12) 3927
1000
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 1Q16 Results on
Friday, April 29, 2016 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: 75962624
Headquarters (Brazil)
Saulo Passos
press@embraer.com.br
Cell: +55 11 94254 4017
Tel.: +55 11 3040 1799
North America
Alyssa Ten Eyck
aeyck@embraer.com
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Europe, Middle East and Africa
pressEMEA@embraer.fr
Cell: +55 11 94254 4017
Tel.: +55 11 3040 1799
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Asia Pacific
Nilma Missir-Boissac
nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/embraer-releases-1st-quarter-2016-results-in-ifrs-300259905.html
SOURCE Embraer S.A.