Embraer releases 1st quarter 2016 results in IFRS

SAO JOSE DOS CAMPOS, Brazil, April 29, 2016 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its first quarter 2016 results.

HIGHLIGHTS

• In the first quarter of 2016 (1Q16), Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to 1Q15;
• The Company's firm order backlog ended the quarter at US$ 21.9 billion, compared to US$ 20.4 billion at the end of 1Q15 and $22.5 billion in backlog at the end of 2015;
• As a result of higher aircraft deliveries in both the Commercial Aviation and Executive Jets segments, 1Q16 revenues were US$ 1,309.0 million, an increase of 24% compared to 1Q15;
• EBIT and EBITDA margins were 6.5% and 12.8%, respectively, in 1Q16 (compared to 7.5% and 14.1% in 1Q15), and EBIT and EBITDA for the quarter were US$ 85.7 million and US$ 167.6 million, respectively (versus US$ 79.6 million and US$ 149.1 million in 1Q15);
• 1Q16 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 103.9 million and US$ 0.5690, respectively;
• Adjusted Net Loss, which excludes non-cash deferred income taxes and social contribution largely related to the impact of foreign exchange variation on non-monetary assets, was a loss of US$ (1.7) million in 1Q16;
• Embraer ended 1Q16 with a total cash position of US$ 3,443.3 million and total debt of US$ 3,663.2 million, yielding a net debt position of US$ 219.9 million in the quarter;
• The Company reiterates all aspects of its financial and delivery outlook for 2016.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data
IFRS	(1)	(1)	(1)
	4Q15	1Q15	1Q16
Revenue	2,074.4	1,055.9	1,309.0
EBIT	65.3	79.6	85.7
EBIT Margin %	3.1%	7.5%	6.5%
EBITDA	163.6	149.1	167.6
EBITDA Margin %	7.9%	14.1%	12.8%
Adjusted Net Income	29.7	48.3	(1.7)
Net income (loss) attributable to Embraer Shareholders	111.2	(61.7)	103.9
Earnings (loss) per share - ADS basic (US$)	0.6091	(0.3370)	0.5690
Net Cash (Debt)	7.2	(535.6)	(219.9)
(1) Derived from unaudited financial information.

     

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

Investor Relations
Eduardo Couto, Caio Pinez, Christopher Thornsberry, Nadia Santos, Paulo Ferreira and Viviane Pinheiro.
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Follow Embraer's IR Department on twitter: @IREmbraer

CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 1Q16 Results on Friday, April 29, 2016 at 10:30AM (SP) / 9:30AM (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com.br

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SOURCE Embraer S.A.

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