SAO JOSE DOS CAMPOS, Brazil, July 30, 2015 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases second quarter 2015 results.
HIGHLIGHTS
- In 2Q15, Embraer delivered 27 commercial and 33 executive (26 light and 7 large) jets. Deliveries in the first half of 2015 were 47 commercial jets and 45 executive (36 light and 9 large) jets;
- During 2Q15, the Company announced 102 firm orders for the current and second generation of the E-Jets commercial jets, reaching a total of 124 firm orders year-to-date;
- The Company's firm order backlog ended 2Q15 at US$ 22.9 billion, the highest in Embraer's history. This compares to US$ 20.4 billion in backlog at the end of 1Q15 and $20.9 billion at the end of 2014;
- As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 2Q15 revenues were US$ 1,513.2 million;
- EBIT and EBITDA margins were 6.8% and 11.7%, respectively, in 2Q15;
- 2Q15 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 129.3 million and US$ 0.7096, respectively;
- Embraer generated US$ 72.7 million in Free Cash Flow during 2Q15;
- The Company issued US$ 1.0 billion in debt with a coupon rate of 5.05% maturing in 2025, with proceeds of US$ 996.8 million, for use in repayment of existing debt and general corporate purposes;
- Embraer reiterates its EBIT and EBITDA guidance for 2015 at US$ 490 – US$ 560 million and US$ 730 – US$ 850 million, respectively. However, in order to reflect the recent devaluation of the Brazilian real versus the U.S. dollar, the Company now expects 2015 consolidated revenues to range from US$ 5.8 – US$ 6.3 billion (US$ 6.1 to US$ 6.6 billion previously). EBIT margin should reach 8.5% to 9.0% in 2015 (8.0% to 8.5% previously) and 2015 EBITDA margin should range from 12.6% to 13.6% (12.0% to 13.0% previously). All other aspects of the Company's financial and delivery guidance are unchanged.
Main financial indicators
in millions of U.S dollars, except % and earnings per share data |
||||
IFRS |
(1) |
(1) |
(1) |
(1) |
1Q15 |
2Q14 |
2Q15 |
YTD15 |
|
Revenue |
1,055.9 |
1,761.3 |
1,513.2 |
2,569.1 |
EBIT |
79.6 |
186.8 |
102.2 |
181.8 |
EBIT Margin % |
7.5% |
10.6% |
6.8% |
7.1% |
EBITDA |
149.1 |
261.4 |
177.6 |
326.8 |
EBITDA Margin % |
14.1% |
14.8% |
11.7% |
12.7% |
Adjusted Net Income |
48.3 |
128.8 |
122.5 |
170.8 |
Net income (loss) attributable to Embraer Shareholders |
(61.7) |
143.4 |
129.3 |
67.6 |
Earnings (loss) per share - ADS basic (US$) |
(0.3370) |
0.7829 |
0.7096 |
0.3708 |
Net Cash (Debt) |
(581.3) |
(114.3) |
(510.7) |
(510.7) |
(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 2Q15 Results on Thursday, July 30, 2015 at 10:30am (SP) and 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: 61529516
SOURCE Embraer S.A.
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