Embraer releases first quarter 2015 results

In the first quarter of 2015, Embraer delivered 20 commercial and 12 executive (10 light and 2 large) jets; The Company’s firm order backlog ended the quarter at US$20.4bn, compared to US$19.2bn at the end of the first quarter in 2014 and US$20.9bn in backlog at the end of 2014. As a result of aircraft deliveries, coupled with revenues from the Company’s Defense & Security business, first quarter revenues were US$1,055.9m. EBIT and EBITDA margins were 7.5% and 14.1%, respectively in the first quarter, which were higher than the 7.4% EBIT margin and 12.2% EBITDA margin registered in the first quarter of 2014. Net loss attributable to Embraer shareholders and loss per basic ADS totaled US$ (61.7)m and US$(0.3370), respectively. Adjusted net income in the first quarter was US$48.3m, which excludes non-cash deferred income taxes and social contribution.