SYS-CON MEDIA Authors: RealWire News Distribution, Gathering Clouds, CloudCommons 2012, Kevin Benedict

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Embraer Releases Third Quarter 2012 Results

SAO JOSE DOS CAMPOS, Brazil, Oct. 23, 2012 /PRNewswire/ -- Embraer's (BM&FBOVESPA: EMBR3, NYSE: ERJ):

Highlights

  • During the 3rd quarter of 2012 (3Q12) Embraer delivered 27 jets to the commercial aviation market and 13 to the executive aviation market (11 light jets and 2 large jets);
  • 3Q12 Revenues and Gross margin reached US$ 1,404.5 million and 25.3%, respectively;
  • 3Q12EBIT and EBITDA margins were 7.2% and 11.8%, respectively. However if not for the non-recurring events related to the Chautauqua Airlines Inc. restructuring program, EBIT and EBITDA margins for the period would have reached 10.2% and 14.8%, respectively.;
  • 3Q12 Net income attributable to Embraer Shareholders and Earning per ADS basic totaled US$ 65.2 million and US$ 0.3594, respectively;
  • Embraer opened two new Centers of Excellence in Evora, Portugal;
  • Embraer was listed for the third consecutive year on the Dow Jones Sustainability Index.

Main financial indicators

in millions of U.S dollars, except % and per share data

IFRS

(2)

(1)

(1)

(1)


2Q12

3Q11

3Q12

YTD12

Revenues

1,717.3

1,363.6

1,404.5

4,277.7

EBIT

197.4

124.2

100.9

384.1

EBIT Margin %

11.5%

9.1%

7.2%

9.0%

EBITDA

265.2

188.3

166.0

579.4

EBITDA Margin %

15.4%

13.8%

11.8%

13.5%

Net income attributable to Embraer Shareholders

54.8

1.9

65.2

224.6

Earnings per share - ADS basic (US$)

0.3023

0.0103

0.3594

1.2380

Net Cash

290.2

193.4

123.2

123.2

(1) Derived from unaudited financial information.

(2) Reclassified








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

Investor Relations

Luciano Froes, Caio Pinez, Claudio Massuda, Juliana Villarinho and Paulo Ferreira
(+55 12) 3927-4404
investor.relations@embraer.com.br
Follow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 3Q12 Results in IFRS on Wednesday, October 24th, 2012 at 10:30AM (SP) / 08:30AM (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: (+1 708) 290-0687
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)
Code: 26040633

SOURCE Embraer

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