SAO JOSE DOS CAMPOS, Brazil, Jan. 14, 2015 /PRNewswire/ -- Embraer S.A. (NYSE: ERJ; BM&F BOVESPA: EMBR3) announces that it has revised its Free Cash Flow guidance for 2014.
Based on preliminary information for fiscal year 2014, Free Cash Flow guidance for 2014 has been revised from positive low double digits, as disclosed on February 26, 2014, to negative Free Cash Flow of approximately US$400 million.
Such decrease in Free Cash Flow guidance is mostly due to lower revenues, as compared to earlier estimates, and an increase in accounts receivables, reflecting extended payment cycles by some clients.
Definitive information will be made available together with the company's complete financial statements for the fiscal year 2014.
ABOUT EMBRAER
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.
This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts of future events and financial trends that affect Embraer's businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations of industry trends; the Company's investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words "believe", "may", "is able", "will be able", "intend", "continue", "anticipate", "expect" and other similar terms are intended to identify potentialities. Embraer does not undertake any obligation to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results may therefore differ substantially from those previously published as Embraer expectations.
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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