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04/30/2014
In: Press Releases

 EMBRAER RELEASES FIRST QUARTER 2014 RESULTS

 

​São José dos Campos, April 30, 2014 - (BM&FBOVESPA: EMBR3, NYSE: ERJ). The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended March 31, 2013 (1Q13), December 31, 2013 (4Q13) and March 31, 2014 (1Q14), are derived from the unaudited financial statements, except where otherwise stated.

HIGHLIGHTS

- In the first quarter of 2014 (1Q14), Embraer delivered 14 commercial and 20 executive (17 light and 3 large) jets;
- The Company’s firm order backlog grew to US$ 19.2 billion, reaching its highest level since the second quarter of 2009, mainly as a result of orders in the Commercial Aviation segment;
- As a result of aircraft deliveries, coupled with revenues from the Company’s growing Defense & Security business, 1Q14 Revenues reached US$ 1,242.3 million;
- Revenues increased by more than 50% in both the Defense & Security and Executive Jets segments in 1Q14 compared to the prior year’s quarter, in line with the Company’s diversification strategy;
- EBIT and EBITDA  margins were 7.4% and 12.2% respectively, in 1Q14;
- 1Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 110.6 million and US$ 0.6044, respectively;
- Embraer ended 1Q14 with a net cash position of US$ 52.7 million.


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