Subscribe Free
in Business & Finance

Embraer releases second quarter results

Posted 14 August 2019 · Add Comment

Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18.

 

The Company’s firm order backlog at the end of 2Q19 was US$ 16.9 billion, up from the US$ 16.0 billion reported at the end of 1Q19. Embraer achieved book-to-bills of above 1x in each of its major business units during the quarter, led by sales performance in the Executive Jets segment;

EBIT and EBITDA in 2Q19 were US$ 26.6 million and US$ 67.0 million, respectively, yielding EBIT margin of 1.9% and EBITDA margin of 4.9%. In the first six months of 2019 the Company’s EBIT was US$ 11.4 million (EBIT margin of 0.5%) and EBITDA was US$ 97.9 million (EBITDA margin of 4.4%);

2Q19 Net income attributable to Embraer shareholders and Earnings per ADS were US$ 7.2 million and US$ 0.04, respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 2Q19 was US$ (13.9) million, with Adjusted loss per ADS of US$ (0.08). Embraer reported adjusted net loss in 2Q18 of US$ (0.4) million, for an adjusted loss per ADS of US$ (0.002) in the quarter;

Embraer reported 2Q19 Free cash flow of US$ 1.5 million, versus free cash flow of US$ 43.3 million reported in 2Q18. The Company expects free cash flow generation to improve in the second half of the year given higher expected aircraft deliveries and cash inflows related to Defense & Security contracts;

The Company finished the quarter with total cash of US$ 2,478.8 million and total debt of US$ 3,569.1 million, yielding a net debt position of US$ 1,090.3 million at the end of 2Q19.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Etihad launches MicrobeBARRIER face protection

Etihad Airways has introduced new protective wear for First and Business class guests.

Kallman to lead U.S. presence at Saudi Airshow

Kallman Worldwide has signed a partnership with Saudi International Airshow 2021 to strengthen the show’s American industry presence through their USA Partnership Pavilion.

Gulfstream advances G700 flight-test programme

Gulfstream Aerospace has announced the all-new, industry flagship Gulfstream G700 flight-test programme is making progress with a number of accomplishments in testing and performance.

Emirates to deploy A380 to Guangzhou and London

Emirates will deploy its A380 aircraft to Guangzhou and London from 8 August 2020.

PCR test mandatory before entering Lebanon

Middle East Airlines have said that PCR Test is mandatory before entering Lebanon from any country.

FLYING WITHOUT WINGS: Blog 3 - Are you ok?

Currently grounded, First Officer Tom Peaford, asks is it ok to not be ok? Why airlines must do more, now more than ever, to support the well-being of their pilots.

AMAC SK2907290121
See us at
GAS BT0907290920SaudiAirshow21BT2011180221MAPS2020 BT1102171120