SÃO PAULO, July 29, 2016
/PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA:
EMBR3) releases its second quarter 2016 results.
HIGHLIGHTS
- In 2Q16, Embraer delivered 26 commercial and 26 executive (23
light and 3 large) jets;
- The Company's firm order backlog ended the quarter at
US$ 21.9 billion, compared to
US$ 22.9 billion at the end of 2Q15
and $21.9 billion in backlog at the
end of 1Q16;
- Revenues in 2Q16 were US$ 1,366.4
million, representing a decline of 9.7% from the same period
last year, principally due to lower deliveries in the Executive
Jets segment;
- Consolidated gross margin in 2Q16 reached 20.8%, up from the
18.9% registered in 2Q15;
- In 2Q16, the Company booked a US$ 200
million loss contingency in Other operating income
(expense), net related to the allegations of non-compliance with
the U.S. Foreign Corrupt Practices Act (FCPA);
- Adjusted EBIT and Adjusted EBIT margin in 2Q16, excluding the
impact of the loss contingency, was US$ 72.6
million and 5.3%, respectively. Adjusted EBITDA and Adjusted
EBITDA margin in the quarter, excluding this impact, was
US$ 152.3 million and 11.1%,
respectively;
- 2Q16 Net income (loss) attributable to Embraer Shareholders and
Earnings per basic ADS totaled US$ (99.4)
million and US$ (0.5448),
respectively;
- 2Q16 Adjusted Net Income, which excludes non-cash deferred
income taxes and social contribution largely related to foreign
exchange variation on non-monetary assets, as well as the
aforementioned loss contingency, was US$
44.1 million. Adjusted earnings per basic ADS totaled
US$ 0.2417 in 2Q16;
- Embraer is revising its 2016 guidance to incorporate lower
estimates for the Executive Jets segment. Please see pages 2 and 3
of this release for additional details.
Main financial indicators
in millions of U.S
dollars, except % and earnings per share data
|
IFRS
|
(1)
|
(1)
|
(1)
|
(1)
|
1Q16
|
2Q15
|
2Q16
|
YTD16
|
Revenue
|
1,309.0
|
1,513.2
|
1,366.4
|
2,675.4
|
EBIT
|
85.7
|
102.2
|
(127.4)
|
(41.7)
|
EBIT Margin
%
|
6.5%
|
6.8%
|
-9.3%
|
-1.6%
|
Adjusted
EBIT
|
85.7
|
102.2
|
72.6
|
158.3
|
Adjusted EBIT
Margin
|
6.5%
|
6.8%
|
5.3%
|
5.9%
|
EBITDA
|
167.6
|
177.6
|
(47.7)
|
119.9
|
EBITDA Margin
%
|
12.8%
|
11.7%
|
-3.5%
|
4.5%
|
Adjusted
EBTIDA
|
167.6
|
177.6
|
152.3
|
319.9
|
Adjusted EBTIDA
Margin
|
12.8%
|
11.7%
|
11.1%
|
12.0%
|
Adjusted Net Income
(loss)
|
(1.7)
|
122.5
|
44.1
|
42.4
|
Net income (loss)
attributable to Embraer Shareholders
|
103.9
|
129.3
|
(99.4)
|
4.5
|
Earnings (loss) per
share - ADS basic (US$)
|
0.5690
|
0.7096
|
(0.5448)
|
0.0247
|
Net Cash
(Debt)
|
(219.9)
|
(464.5)
|
(613.3)
|
(613.3)
|
For additional information, please check the full document in
our website: http://ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a
conference call to present its 2Q16 Results on Friday, July 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: 38288857
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-second-quarter-2016-results-300306137.html
SOURCE EMBRAER S.A.