November 6, 2014
Embraer releases third quarter 2014 results
In the third quarter of 2014, Embraer delivered 19 commercial and 15 executive jets. The Company’s firm order backlog ended 3Q14 at US$ 22.1bn, 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, third quarter revenues were US$1,239.7m, for a year-over-year decline of 3.8%. Year-to-date revenues in the first nine months of 2014 were US$ 4,243.3m, 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. Net loss attributable to Embraer Shareholders and loss per basic ADS totaled US$-10.7 million and US$-0.0584, respectively. For the first nine months of 2014, net income attributable to Embraer Shareholders was US$243.3m and earnings 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.