SAO JOSE DOS CAMPOS, Brazil, July 31, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2014 results.
HIGHLIGHTS
- In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets;
- The Company's firm order backlog ended 2Q14 at US$ 18.1 billion;
- As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 2Q14 Revenues were US$ 1,761.3 million, for year-over-year growth of 13.1%. Year-to-date (YTD) Revenues in the first six months of 2014 were US$ 3,003.6 million, representing year-over-year growth of 13.6%;
- EBIT and EBITDA margins were 10.6% and 14.8% respectively, in 2Q14, and for the first six months of 2014 were 9.3% and 13.7%, respectively;
- 2Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 143.4 million and US$ 0.7829, respectively. For the first half of 2014, Net income attributable to Embraer Shareholders was US$ 254.0 million and Earnings per basic ADS was US$ 1.3867;
- The Company's 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.
MAIN FINANCIAL INDICATORS
in millions of U.S. dollars, except % and earnings per share data |
||||
IFRS |
(1) 1Q14 |
(1) 2Q13 |
(1) 2Q14 |
(1) YTD14 |
Revenue |
1,242.3 |
1,557.0 |
1,761.3 |
3,003.6 |
EBIT |
92.1 |
135.3 |
186.8 |
278.9 |
EBIT Margin % |
7.4% |
8.7% |
10.6% |
9.3% |
EBITDA |
151.0 |
203.7 |
261.4 |
412.4 |
EBITDA Margin % |
12.2% |
13.1% |
14.8% |
13.7% |
Adjusted Net Income2 |
62.9 |
91.8 |
128.8 |
191.8 |
Net income (loss) attributable to Embraer Shareholders |
110.6 |
(5.3) |
143.4 |
254.0 |
Earnings (loss) per share - ADS basic (US$) |
0.6044 |
(0.0291) |
0.7829 |
1.3867 |
Net Cash |
52.7 |
58.0 |
(114.3) |
(114.3) |
(1) Derived from unaudited financial information |
For additional information, please check the full document in our website: http://ri.embraer.com.br
INVESTOR RELATIONS
Luciano Froes, 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 2Q14 Results on Thursday, July 31, 2014 at 10:30am (SP) / 9:30am (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com
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: 69304532
CONTACTS:
Headquarters (Brazil)
Rosana Dias
[email protected]
Cell: +55 12 9724 4929
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411
North America
Robert Stangarone
[email protected]
Cell: +1 954 260 9939
Tel.: +1 954 359 3101
Fax: +1 954 359 4755
Europe, Middle East and Africa
Herve Tilloy
[email protected]
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456
China
Mirage Zhong
[email protected]
Cell: +86 138 1191 8053
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986
Asia Pacific
Nilma Missir-Boissac
[email protected]
Cell: +65 9012 8428
Tel.: +65 6305 9955
Fax: +65 6734 3908
SOURCE Embraer S.A.
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