Subscribe Free
in Business Aviation

Embraer releases second quarter 2017 results

Posted 28 July 2017 · Add Comment

In 2Q17, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in 2Q16.

·         The Company’s firm order backlog ended the quarter at US$ 18.5 billion;

·         Revenues in 2Q17 increased 29.5% year-over-year to US$ 1,769.6 million, with significant growth across all three segments;

·         Adjusted EBIT and Adjusted EBITDA[1] margins were 9.3% and 13.9%, respectively, in 2Q17, representing margin expansion compared to both the 2Q16 and 1Q17 consolidated results. Adjusted EBIT and Adjusted EBITDA exclude US$ 9.4 million in net non-recurring gains in 2Q17 and US$ 200.0 million in non-recurring charges in 2Q16. Adjusted EBIT and Adjusted EBITDA in the quarter were US$ 164.6 million and US$ 245.4 million, respectively;

·         In the first half of 2017, Adjusted EBIT and Adjusted EBITDA margins were 7.0% and 12.5%, respectively. Accumulated Adjusted EBIT and EBITDA over the first six months of the year were US$ 195.6 million and US$ 348.8 million;

·         2Q17 Net income attributable to Embraer shareholders and Earnings per ADS were US$ 59.1 million and US$ 0.32, respectively. Adjusted Net income (excluding the impact of FX-related non-cash deferred income tax and social contribution and non-recurring items) for the quarter was US$ 123.0 million, representing Adjusted Earnings per ADS of US$ 0.67 per basic share in 2Q17;

·         Embraer generated US$ 220.0 million of Adjusted Free cash flow during 2Q17, and over the first six months of 2017 Adjusted Free cash flow was US$ 20.7 million. The Company’s net debt position improved to US$ 661.5 million at the end of 2Q17 from US$ 805.8 million at the end of 1Q17;

* required field

Post a comment

Other Stories
Advertisement
Latest News

Safran breakthrough channels communication to a new level

Communications technology provides answers for improving the safety, efficiency and cost of line and base maintenance operations. Chuck Grieve has been finding out more.

Emirates Airline Foundation recognised for its global humanitarian efforts

The Emirates Airline Foundation has been recognised by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) for its outstanding humanitarian and outreach projects and work that spans the globe.

Embraer to make impact with debuts at EBACE

Embraer will debut the Phenom 100EV business jet at the European Business Aviation Conference and Exhibition (EBACE) in Geneva, Switzerland, from May 29 to May 31.

Qatar Airways touches down at London Gatwick Airport

Qatar Airways has commenced flights to London Gatwick Airport.

Dubai Airports rolls out first cloud based Flight Information Display Solution

Dubai Airports, in partnership with Samsung Electronics and AirportLabs has rolled out an advanced cloud-based Flight Information Display solution along with System on Chip (SoC) display technology at Dubai International (DXB) and

The delayed Muscat International Airport has now arrived

Oman Airports Management Company (OAMC) successfully opened the new passenger terminal building at New Muscat International Airport last month, as it overcame a plethora of delays over the last two years.

TAA SK0902311218
See us at
GATM BT1004061118BIAS BT271017161118Cargo BT1004091018Istanbul Airshow BT22018MEBAA BT1004121218ASDubai BT1004091018EBACE 2018