Embraer releases third quarter 2013 results

In the third quarter of 2013, Embraer delivered 19 commercial and 25 executive (21 light and 4 large) jets. The Company’s firm order backlog grew to US$17.8bn, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment. As a result of aircraft deliveries, coupled with revenues from the Company’s growing Defense & Security business, 3Q13 revenues reached US$1,288.2m. EBIT and EBITDA margins were 5.9% and 12.1% respectively, in 3Q13. 3Q13 net income attributable to Embraer Shareholders and Earnings per ADS basic totaled US$52.9m and US$0.2905, respectively.