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Embraer Releases Third Quarter 2012 Results

                 Embraer Releases Third Quarter 2012 Results

PR Newswire

SAO JOSE DOS CAMPOS, Brazil, Oct. 23, 2012

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

Highlights

  oDuring 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);
  o3Q12 Revenues and Gross margin reached US$ 1,404.5 million and 25.3%,
    respectively;
  o3Q12EBIT 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.;
  o3Q12 Net income attributable to Embraer Shareholders and Earning per ADS
    basic totaled US$ 65.2 million and US$ 0.3594, respectively;
  oEmbraer opened two new Centers of Excellence in Evora, Portugal;
  oEmbraer 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

Website: http://ri.embraer.com.br
 
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