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Embraer releases 1st quarter 2016 results in IFRS

ERJ, -4.74% (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...

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