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) |
(1) |
(1) |
|
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
[email protected]
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
SOURCE EMBRAER S.A.
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