Embraer reports net income of US$347.8m for 2012

During the 4th quarter of 2012 (4Q12), Embraer delivered 23 commercial and 53 executive aircraft and ended the year with total deliveries of 106 commercial and 99 executive aircraft (77 light jets and 22 large jets). As a consequence, 2012 revenues totaled US$6,177.9m, in line with the annual revenue guidance range of US$ 5.8 to US$6.2bn; 4Q12 EBIT and EBITDA margins were strong and reached 12.0% and 16.4%, respectively. As a result, 2012 EBIT and EBITDA margins were 9.9% and 14.4%, respectively, surpassing the Company’s EBIT and EBITDA margin guidance for the year of 9.0% to 9.5% and 12.5% to 13.5% respectively. Positive operating cash generation of US$ 525m in 4Q12 increased the Company’s net cash position to US$312.9m at the end of 2012. Net income attributable to Embraer Shareholders was US$123.2m in 4Q12 and totaled US$347.8m for 2012. Earnings per ADS for 4Q12 and 2012 totaled US$0.6797 and US$1.9188, respectively.