Embraer posts a decline in 3Q14 revenue
The Company’s firm order backlog ended 3Q14 at US$ 22.1 billion, an all-time Company record.
Brazil, November 6, 2014 (STAT):-Embraer posted a 3Q14 revenue of US 4 1,239.7 million for a year on year of decline of 3.8% The decline was attributed to a lower quantum of aircraft deliveries, partially offset by higher revenues from the company’s Defernse & Security business-
EBIT and EBITDA margins were 5.5% and 11.0% respectively, in 3Q14, and for the first nine months of 2014 were 8.2% and 12.9%, respectively.
-3Q14 Net income (loss) attributable to Embraer Shareholders and Earnings (loss) per basic ADS totaled US$ (10.7) million and US$ (0.0584), respectively. For the first nine months of 2014, Net income (loss) attributable to Embraer Shareholders was US$ 243.3 million and Earnings (loss) per basic ADS was US$ 1.3272.
The Company’s 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.