SAO JOSE DOS CAMPOS, Brazil, Oct. 27, 2015 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases third quarter 2015 results.
HIGHLIGHTS
- In 3Q15, Embraer delivered 21 commercial and 30 executive (21 light and 9 large) jets. Deliveries in the first nine months of 2015 were 68 commercial and 75 executive (57 light and 18 large) jets;
- During 3Q15, the Company closed 20 firm orders for the current generation of the E-Jets commercial jets, reaching a total of 146 firm orders of both the current and second generation E-Jets commercial aircraft year-to-date;
- The Commercial Aviation segment's book-to-bill surpassed 2 times over the first nine months of 2015;
- The Company's firm order backlog ended 3Q15 at US$ 22.8 billion. This compares to US$ 22.9 billion in backlog at the end of 2Q15 and $20.9 billion at the end of 2014;
- As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 3Q15 revenues were US$ 1,284.6 million, representing year-over-year growth of 3.6%;
- EBIT and EBITDA margins were 6.6% and 12.3%, respectively, in 3Q15, improving from EBIT margin of 5.5% and EBITDA margin of 11.0% in 3Q14;
- 3Q15 Net loss attributable to Embraer Shareholders and Loss per basic ADS totaled US$ (109.6) million and US$ (0.6013), respectively. Excluding deferred income tax and social contribution, adjusted net income was US$ 71.5 million, or US$ 0.3923 per basic ADS;
- The Company's Free Cash Flow during 3Q15 was US$ (115.3) million;
- Embraer reiterates all aspects of the Company's financial and delivery guidance for 2015.
MAIN FINANCIAL INDICATORS
in millions of U.S dollars, except % and earnings per share data |
||||||||
IFRS |
(1) |
(1) |
(1) |
(1) |
(1) |
|||
1Q15 |
2Q15 |
3Q14 |
3Q15 |
YTD15 |
||||
Revenue |
1,055.9 |
1,513.2 |
1,239.7 |
1,284.6 |
3,853.7 |
|||
EBIT |
79.6 |
102.2 |
68.1 |
84.4 |
266.2 |
|||
EBIT Margin % |
7.5% |
6.8% |
5.5% |
6.6% |
6.9% |
|||
EBITDA |
149.1 |
177.6 |
135.9 |
158.0 |
484.7 |
|||
EBITDA Margin % |
14.1% |
11.7% |
11.0% |
12.3% |
12.6% |
|||
Adjusted Net Income |
48.3 |
122.5 |
92.6 |
71.5 |
242.4 |
|||
Net income (loss) attributable to Embraer Shareholders |
(61.7) |
129.3 |
(10.7) |
(109.6) |
(42.0) |
|||
Earnings (loss) per share - ADS basic (US$) |
(0.3370) |
0.7096 |
(0.0584) |
(0.6013) |
(0.2304) |
|||
Net Cash (Debt) |
(535.1) |
(464.5) |
(279.7) |
(643.9) |
(643.9) |
|||
(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, Paulo Ferreira and Viviane Pinheiro.
(+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 3Q15 Results on Tuesday, October 27, 2015 at 2:30pm (SP) and 12:30pm (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: 15232843
SOURCE Embraer S.A.
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