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Press release from PR Newswire

Embraer Releases First Quarter 2012 Results

Thursday, April 26, 2012

Embraer Releases First Quarter 2012 Results18:41 EDT Thursday, April 26, 2012SAO JOSE DOS CAMPOS, Brazil, April 26, 2012 /PRNewswire/ -- Embraer's (BM&FBOVESPA: EMBR3, NYSE: ERJ).HIGHLIGHTS:In the first quarter of 2012 (1Q12), Embraer delivered 21 commercial and 13 executive (12 light and 1 large) jets, surpassing the 20 commercial and eight executive jets delivered in the same period of 2011;As a result of aircraft deliveries, coupled with revenues from aviation services and the Company's growing Defense and Security business, 1Q12 Revenues reached US$ 1,155.9 million and gross margin was 23.2% for the period; EBIT and EBITDA margins were 7.4% and 12.8% respectively, in 1Q12, in line with Company expectations;Net income attributable to Embraer and Earnings per ADS totaled US$ 62.7 million and US$ 0.3463, respectively, in 1Q12; Net cash position totaled US$ 301.8 million.MAIN FINANCIAL INDICATORS:in million of U.S dollars, except % and per share dataIFRS4Q111Q111Q12Revenues2.025,11.055,71.155,9EBIT(5,9)94,385,7EBIT Margin %-0,3%8,9%7,4%EBITDA59,2156,3148,1EBITDA Margin %2,9%14,8%12,8%Adjusted Net Income (Loss) ³(140,4)91,365,2Net income (loss)  attributable to Embraer Shareholders(91,8)105,162,7Earnings (loss) per share - ADS basic (US$) (0,5072)0,58100,3463Net Cash445,7504,9301,8For additional information, please check the full release in our website: Investor Relations Andre Gaia, Caio Pinez, Claudio Massuda, Juliana Villarinho and Paulo Ferreira ? Brazil: (+55 12) 3927-4404Luciano Froes - North America: (+001) 954 359 3492 Embraer S.A.