Embraer releases fourth quarter and fiscal 2015 results

In 4Q15, Embraer delivered 33 commercial and 45 executive (25 light and 20 large) jets. The Company ended 2015 with 101 total commercial aircraft deliveries, surpassing 2015 Guidance. Total executive jet deliveries of 120 aircraft (82 light and 38 large) met the executive jet deliveries Guidance for 2015. Revenues in 4Q15 reached US$2,074.4m and in 2015 were US$5,928.1m, also meeting the Company’s 2015 Revenue Guidance range of US$5.8 to US$ 6.3bn. EBIT and EBITDA margins were 3.1% and 7.9%, respectively. In 4Q15, and for fiscal year 2015 the EBIT and EBITDA margins were 5.6% and 10.9%, respectively. 4Q15 Net income attributable to Embraer Shareholders and Earnings per ADS totaled US$111.2m and US$0.6091 (US$29.7m and US$0.1627 per share excluding deferred tax and provisions relating to Republic’s Chapter 11 filing), respectively. 2015 Net income attributable to Embraer Shareholders and Earnings per ADS totaled US$69.2m and US$0.3787 (US$ 272.0m and US$1.49 per share excluding these items), respectively.