Embraer S.A. Announces its 1st Quarter Results

                Embraer S.A. Announces its 1st Quarter Results

PR Newswire

SAO JOSE DOS CAMPOS, Brazil, April 29, 2013

SAO JOSE DOS CAMPOS, Brazil, April 29, 2013 /PRNewswire/ --EMBRAER S.A.
(NYSE: ERJ; BM&FBOVESPA: EMBR3) RELEASES 1th QUARTER RESULTS

HIGHLIGHTS:

  oIn the first quarter of 2013 (1Q13), Embraer delivered 17 commercial and
    12 executive (8 light and 4 large) jets; representing a reduction of 4
    commercial and 1 executive jets delivered in the same period of 2012;
  oFirm order backlog grew to US$ 13.3 billion, mainly as a result of an
    improvement in the order environment in Commercial aviation, as well as
    continued orders in the Defense & Security segment;
  oAs a result of aircraft deliveries, coupled with revenues from the
    Company's growing Defense & Security business, 1Q13 Revenues reached US$
    1,085.9 million and gross margin was 22.2% for the period;
  oEBIT and EBITDA margins were 3.6% and 9.2% respectively, in 1Q13;
  oNet income attributable to Embraer and Earnings per ADS totaled US$ 30
    million and US$ 0.1651, respectively, in 1Q13;
  oNet cash position totaled US$ 98.2 million.

MAIN FINANCIAL INDICATORS

in millions of U.S dollars, except % and earnings per share data
IFRS                                              (1)     (1)     (1)
                                                  4Q12    1Q12    1Q13
Revenue                                           1,897.6 1,152.1 1,085.9
EBIT                                              227.8   85.6    39.6
EBIT Margin %                                     12.0%   7.4%    3.6%
EBITDA                                            309.7   148.0   100.4
EBITDA Margin %                                   16.3%   12.8%   9.2%
Net income attributable to Embraer Shareholders   123.2   104.6   30.0
Earnings per share - ADS basic (US$)             0.6797  0.5779  0.1651
Net Cash                                          308.7   300.9   98.2
(1) Derived from unaudited financial information.

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, Nadia Santos
and Paulo Ferreira (+55 12) 3927-4404
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 1Q13 Results on Tuesday,
April 30, 2013 at 10:30am (SP) / 9:30 am (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: (708) 290-0687
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line)
and 0800 047 4801 (cell phone)
Code: 32147150

SOURCE Embraer S.A.

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