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Press release from PR Newswire

Embraer Releases Third Quarter 2012 Results

Tuesday, October 23, 2012

Embraer Releases Third Quarter 2012 Results20:16 EDT Tuesday, October 23, 2012SAO JOSE DOS CAMPOS, Brazil, Oct. 23, 2012 /PRNewswire/ -- Embraer's (BM&FBOVESPA: EMBR3, NYSE: ERJ): HighlightsDuring the 3rd quarter of 2012 (3Q12) Embraer delivered 27 jets to the commercial aviation market and 13 to the executive aviation market (11 light jets and 2 large jets);3Q12 Revenues and Gross margin reached US$ 1,404.5 million and 25.3%, respectively;3Q12EBIT and EBITDA margins were 7.2% and 11.8%, respectively. However if not for the non-recurring events related to the Chautauqua Airlines Inc. restructuring program, EBIT and EBITDA margins for the period would have reached 10.2% and 14.8%, respectively.;3Q12 Net income attributable to Embraer Shareholders and Earning per ADS basic totaled US$ 65.2 million and US$ 0.3594, respectively;Embraer opened two new Centers of Excellence in Evora, Portugal;Embraer was listed for the third consecutive year on the Dow Jones Sustainability Index. Main financial indicatorsin millions of U.S dollars, except % and per share dataIFRS(2)(1)(1)(1)2Q123Q113Q12YTD12Revenues1,717.31,363.61,404.54,277.7EBIT197.4124.2100.9384.1EBIT Margin %11.5%9.1%7.2%9.0%EBITDA265.2188.3166.0579.4EBITDA Margin %15.4%13.8%11.8%13.5%Net income attributable to Embraer Shareholders54.81.965.2224.6Earnings per share - ADS basic (US$) 0.30230.01030.35941.2380Net Cash290.2193.4123.2123.2(1) Derived from unaudited financial information.(2) ReclassifiedFor additional information, please check the full document in our website: http://ri.embraer.com.br  Investor RelationsLuciano Froes, Caio Pinez, Claudio Massuda, Juliana Villarinho and Paulo Ferreira (+55 12) 3927-4404investor.relations@embraer.com.brFollow Embraer's IR Department on twitter: @IREmbraerCONFERENCE CALL INFORMATIONEmbraer will host a conference call to present its 3Q12 Results in IFRS on Wednesday, October 24th, 2012 at 10:30AM (SP) / 08:30AM (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com.br Telephones:Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574Operator Assisted International Dial-In Number: (+1 708) 290-0687Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)Code: 26040633SOURCE Embraer