SAO PAULO, July 28, 2017 /PRNewswire/ --
HIGHLIGHTS
- In 2Q17, Embraer delivered 35 commercial and 24 executive (16
light and 8 large) jets, compared to the 26 commercial and 26
executive (23 light and 3 large) jet deliveries in 2Q16;
- The Company's firm order backlog ended the quarter at
US$ 18.5 billion;
- Revenues in 2Q17 increased 29.5% year-over-year to US$ 1,769.6 million, with significant growth
across all three segments;
- Adjusted EBIT and Adjusted EBITDA margins were 9.3% and 13.9%,
respectively, in 2Q17, representing margin expansion compared to
both the 2Q16 and 1Q17 consolidated results. Adjusted EBIT and
Adjusted EBITDA exclude US$ 9.4
million in net non-recurring gains in 2Q17 and US$ 200.0 million in non-recurring charges in
2Q16. Adjusted EBIT and Adjusted EBITDA in the quarter were
US$ 164.6 million and US$ 245.4 million, respectively;
- In the first half of 2017, Adjusted EBIT and Adjusted EBITDA
margins were 7.0% and 12.5%, respectively. Accumulated Adjusted
EBIT and EBITDA over the first six months of the year were
US$ 195.6 million and US$ 348.8 million;
- 2Q17 Net income attributable to Embraer shareholders and
Earnings per ADS were US$ 59.1
million and US$ 0.32,
respectively. Adjusted Net income (excluding the impact of
FX-related non-cash deferred income tax and social contribution and
non-recurring items) for the quarter was US$
123.0 million, representing Adjusted Earnings per ADS of
US$ 0.67 per basic share in
2Q17;
- Embraer generated US$ 220.0
million of Adjusted Free cash flow during 2Q17, and over the
first six months of 2017 Adjusted Free cash flow was US$ 20.7 million. The Company's net debt position
improved to US$ 661.5 million at the
end of 2Q17 from US$ 805.8 million at
the end of 1Q17;
- Embraer reiterates all aspects of its financial and delivery
outlook for 2017.
Main financial indicators
|
in millions of U.S
dollars, except % and earnings per share data
|
|
1Q17
|
2Q16
|
2Q17
|
YTD17
|
|
Revenue
|
1,026.3
|
1,366.4
|
1,769.6
|
2,795.9
|
|
EBIT
|
23.4
|
(127.4)
|
174.0
|
197.4
|
|
EBIT Margin
%
|
2.3%
|
-9.3%
|
9.8%
|
7.1%
|
|
Adjusted
EBIT
|
31.0
|
72.6
|
164.6
|
195.6
|
|
Adjusted EBIT Margin
%
|
3.0%
|
5.3%
|
9.3%
|
7.0%
|
|
EBITDA
|
95.8
|
(56.2)
|
254.8
|
350.6
|
|
EBITDA Margin
%
|
9.3%
|
-4.1%
|
14.4%
|
12.5%
|
|
Adjusted
EBTIDA
|
103.4
|
143.8
|
245.4
|
348.8
|
|
Adjusted EBTIDA
Margin %
|
10.1%
|
10.5%
|
13.9%
|
12.5%
|
|
Adjusted Net Income
2
|
23.2
|
44.1
|
123.0
|
146.2
|
|
Adjusted earnings per
share - ADS basic
|
0.1263
|
0.2417
|
0.6688
|
0.7951
|
|
Net income (loss)
attributable to Embraer Shareholders
|
42.5
|
(99.4)
|
59.1
|
101.6
|
|
Earnings (losses) per
share - ADS basic (US$)
|
0.2312
|
(0.5448)
|
0.3214
|
0.1382
|
|
Net debt
|
(805.8)
|
(613.3)
|
(661.5)
|
(661.5)
|
For more information, please visit ri.embraer.com.br
Investor Relations
Eduardo Couto, Chris Thornsberry, Caio Pinez, Nádia Santos,
Paulo Ferreira and Viviane Pinheiro. (+55 12) 3927-
1000
investor.relations@embraer.com.br
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 2Q17 Results
on Friday, July 28, 2017 at
10:30AM (EDT). The conference
call will also be broadcast live over the web at
http://ri.embraer.com.br
Telephone numbers:
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: 35609837
ABOUT EMBRAER
Embraer is a global company headquartered in Brazil with businesses in commercial and
executive aviation, defense & security. The company designs,
develops, manufactures and markets aircraft and systems, providing
customer support and services.
Since it was founded in 1969, Embraer has delivered more than
8,000 aircraft. About every 10 seconds an aircraft manufactured by
Embraer takes off somewhere in the world, transporting over 145
million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 130
seats. The company maintains industrial units, offices, service and
parts distribution centers, among other activities, across the
Americas, Africa, Asia and Europe.
For more information, please visit www.embraer.com.br
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SOURCE Embraer-Empresa Brasileira de Aeronautica S.A.