Embraer S.A. Announces its 1st Quarter Results

SAO JOSE DOS CAMPOS, Brazil, April 29, 2013 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) RELEASES 1th QUARTER RESULTS

HIGHLIGHTS:

  • In the first quarter of 2013 (1Q13), Embraer delivered 17 commercial and 12 executive (8 light and 4 large) jets; representing a reduction of 4 commercial and 1 executive jets delivered in the same period of 2012;
  • Firm order backlog grew to US$ 13.3 billion, mainly as a result of an improvement in the order environment in Commercial aviation, as well as continued orders in the Defense & Security segment;
  • As a result of aircraft deliveries, coupled with revenues from the Company's growing Defense & Security business, 1Q13 Revenues reached US$ 1,085.9 million and gross margin was 22.2% for the period;
  • EBIT and EBITDA margins were 3.6% and 9.2% respectively, in 1Q13;
  • Net income attributable to Embraer and Earnings per ADS totaled US$ 30 million and US$ 0.1651, respectively, in 1Q13;
  • Net cash position totaled US$ 98.2 million.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data

IFRS

(1)

(1)

(1)

4Q12

1Q12

1Q13

Revenue

1,897.6

1,152.1

1,085.9

EBIT

227.8

85.6

39.6

EBIT Margin %

12.0%

7.4%

3.6%

EBITDA

309.7

148.0

100.4

EBITDA Margin %

16.3%

12.8%

9.2%

Net income attributable to Embraer Shareholders

123.2

104.6

30.0

Earnings per share - ADS basic (US$) 

0.6797

0.5779

0.1651

Net Cash

308.7

300.9

98.2

(1) Derived from unaudited financial information.








For additional information, please check the full document in our website:
http://ri.embraer.com.br

INVESTOR RELATIONS
Luciano Froes, Caio Pinez, Claudio Massuda, Juliana Villarinho, 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 1Q13 Results on Tuesday, April 30, 2013 at 10:30am (SP) / 9:30 am (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: 32147150

SOURCE Embraer S.A.



RELATED LINKS
http://ri.embraer.com.br

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