Embraer posts net income of US$ 105.1 million for first quarter 2011

Embraer reported that as a result of aircraft deliveries and product mix, 1Q11 revenues increased to US$ 1,055.7 million when compared to US$ 992 million in 1Q10. During the 1Q11, the contribution of aviation services to the Company’s total revenue was 15.4%, above the 2010 contribution of approximately 11%. EBIT and EBIT margin were US$ 94.3 million and 8.9%, respectively. 1Q11 Operating income margin was higher than the 7.2% margin achieved in 1Q10. Net income attributable to Embraer and Earnings per ADS, for 1Q11, were US$ 105.1 million and US$ 0.5810, respectively. The Net margin reached 10%, and was significantly higher when compared to the 2.4% achieved in 1Q10.