SAO JOSE DOS CAMPOS, Brazil, Nov. 6, 2014 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3,) releases its third quarter 2014 results.
HIGHLIGHTS
- In the third quarter of 2014 (3Q14), Embraer delivered 19 commercial and 15 executive (all light) jets;
- The Company's firm order backlog ended 3Q14 at US$ 22.1 billion, an all-time Company record;
- As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company's Defense & Security business, 3Q14 Revenues were US$ 1,239.7 million, for a year-over-year decline of 3.8%. Year-to-date (YTD) Revenues in the first nine months of 2014 were US$ 4,243.3 million, representing year-over-year growth of 7.9%;
- EBIT and EBITDA margins were 5.5% and 11.0% respectively, in 3Q14, and for the first nine months of 2014 were 8.2% and 12.9%, respectively;
- 3Q14 Net income (loss) attributable to Embraer Shareholders and Earnings (loss) per basic ADS totaled US$ (10.7) million and US$ (0.0584), respectively. For the first nine months of 2014, Net income (loss) attributable to Embraer Shareholders was US$ 243.3 million and Earnings (loss) per basic ADS was US$ 1.3272;
- The Company's 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.
- Embraer was listed for the fifth consecutive year on the Dow Jones Sustainability Index.
MAIN FINANCIAL INDICATORS
in millions of U.S dollars, except % and earnings per share data |
||||
IFRS |
(1) 2Q14 |
(1) 3Q13 |
(1) 3Q14 |
(1) YTD14 |
Revenue |
1,761.3 |
1,288.2 |
1,239.7 |
4,243.3 |
EBIT |
186.8 |
75.8 |
68.1 |
347.0 |
EBIT Margin % |
10.6% |
5.9% |
5.5% |
8.2% |
EBITDA |
261.4 |
156.4 |
135.9 |
548.3 |
EBITDA Margin % |
14.8% |
12.1% |
11.0% |
12.9% |
Adjusted Net Income (Loss) ² |
128.8 |
35.8 |
92.6 |
284.4 |
Net income (loss) attributable to Embraer Shareholders |
143.4 |
52.9 |
(10.7) |
243.3 |
Earnings (loss) per share - ADS basic (US$) |
0.7829 |
0.2905 |
(0.0584) |
1.3272 |
Net Cash (Debt) |
(114.3) |
(19.6) |
(326.6) |
(326.6) |
(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 3Q14 Results on Thursday, November 6, 2014 at 8:30am (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: 16939547
SOURCE Embraer S.A.
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