Embraer Announces Its First Quarter 2014 Results

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Apr 30, 2014, 06:20 ET

SAO JOSE DOS CAMPOS, Brazil, April 30, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its first quarter 2014 results.

HIGHLIGHTS

In the first quarter of 2014 (1Q14), Embraer delivered 14 commercial and 20 executive (17 light and 3 large) jets;
The Company's firm order backlog grew to US$ 19.2 billion, reaching its highest level since the second quarter of 2009, mainly as a result of orders in the Commercial Aviation segment;
As a result of aircraft deliveries, coupled with revenues from the Company's growing Defense & Security business, 1Q14 Revenues reached US$ 1,242.3 million;
Revenues increased by more than 50% in both the Defense & Security and Executive Jets segments in 1Q14 compared to the prior year's quarter, in line with the Company's diversification strategy;
EBIT and EBITDA margins were 7.4% and 12.2% respectively, in 1Q14;
1Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 110.6 million and US$ 0.6044, respectively;
Embraer ended 1Q14 with a net cash position of US$ 52.7 million.

MAIN FINANCIAL INDICATORS

	in millions of U.S. dollars, except % and earnings per share data
IFRS	(1) 4Q13	(1) 1Q13	(1) 1Q14
Revenue	2,304.0	1,085.9	1,242.3
EBIT	462.9	39.6	92.1
EBIT Margin %	20.1%	3.6%	7.4%
EBITDA	543.6	100.4	151.0
EBITDA Margin %	23.6%	9.2%	12.2%
Adjusted Net Income²	373.0	34.2	62.9
Net income attributable to Embraer Shareholders	264.5	30.0	110.6
Earnings per share - ADS basic (US$)	1.4513	0.1651	0.6044
Net Cash	429.3	98.2	52.7
(1) Derived from unaudited financial information.

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

INVESTOR RELATIONS

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 1Q14 Results on Wednesday, April 30, 2014 at 12:00pm (SP) / 11:00am (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: 21691536

SOURCE EMBRAER S.A.