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Agency / Source: Empresa Brasileira de Aeronáutica S.A.

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Embraer Releases Second Quarter 2011 Results - (BM&FBOVESPA: EMBR3, NYSE: ERJ) The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS - Embraer.com
Embraer Releases Second Quarter 2011 Results

 

PRZOOM - /newswire/ - São José dos Campos, São Paulo, Brazil, 2011/07/28 - (BM&FBOVESPA: EMBR3, NYSE: ERJ) The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS - Embraer.com. NYSE: ERJ; Bovespa: EMBR3

   
 
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The financial data presented in this document as of and for the quarters ended June 30, 2010 (2Q10), March 31, 2011 (1Q11) and June 30, 2011 (2Q11), are derived from the unaudited financial statements, except where otherwise stated.

HIGHLIGHTS:

- During the 2nd quarter of 2011 (2Q11) Embraer delivered 25 jets to the commercial aviation market and 23 to the executive aviation market (20 light jets and 3 large jets);

- 2Q11 Revenues reached US$ 1,358.6 million, and Gross margin grew from 20.2% in 2Q10 to 22.4% in 2Q11;

- 2Q11 EBIT and EBITDA margin reached 7.8% and 11.3%, respectively, in line with the Company’s guidance, for an accumulated EBIT and EBITDA margin of 8.3% and 12.8%, respectively, for the first half of 2011;

- 2Q11 Net income attributable to Embraer and Earnings per ADS-basic totaled US$ 96.4 million and US$ 0.5328, respectively, compared to US$ 57.4 million and US$ 0.3173 in 2Q10;

- Continuous improvement seen in the commercial aviation market, resulting in year to date sales of 62 new E-Jets and signed agreements for an additional 42 E-Jets, which are expected to be added to the Company’s backlog over the course of the following months.

North America
Christine Manna - E: cmanna[.]embraer.com.
Cell: +1 954 383 9950 / T: +1 954 359 3879 / F: +1 954 359 4755

Europe, Middle East and Africa
Hervé Tilloy - E: herve.tilloy[.]embraer.fr.
Cell: +33 6 0864 3545 / T: +33 1 4938 4530 / F: +33 1 4938 4456

China
Tracy Chen - E: tracy.chen[.]bjs.embraer.com.
Cell: +86 139 1018 2281 / T: +86 10 6598 9988 / F: +86 10 6598 9986

Asia Pacific
Shorbani Roy - E: shorbani.roy[.]sin.embraer.com.
Cell: +65 9794 2401 / T: +65 6305 9955 / F: +65 6734 8255.

 
 
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Agency / Source: Empresa Brasileira de Aeronáutica S.A.

 
 

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Embraer Releases Second Quarter 2011 Results

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Embraer |
Contact: Carlos Eduardo Camargo - Embraer.com 
+55 12 3927 1311 carlos.camargo[.]embraer.com.br
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Empresa Brasileira de Aeronáutica S.A. securities in any jurisdiction including any other companies listed or named in this release.

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