Aviation news analysis
50 SKY SHADES - World aviation news

Embraer earnings results 2nd quarter 2018

Download: Printable PDF Date: 04 Aug 2018 06:52 categories:
Publisher:
Embraer earnings results 2nd quarter 2018 - Finance publisher
Tatjana Obrazcova
Country: Brazil Aircraft: Airplanes
  • In 2Q18, Embraer delivered 28 commercial and 20 executive (15 light and 5 large) jets, compared to the 35 commercial and 24 executive (16 light and 8 large) jets in 2Q17; .
  • The Company‟s firm order backlog was US$ 17.4 billion at the end of 2Q18, including contracts of the Services & Support segment; .

Reported EBIT and EBITDA1 in 2Q18 were US$ (17.7) million and US$ 44.1 million, respectively, yielding margins of -1.4% and 3.5%. The reported EBIT and EBITDA figures include the negative impact of a nonrecurring special item of US$ 127.2 million related to additional costs (cost base revision) on the KC-390 development contract in 2Q18, resulting from the recent incident with prototype aircraft 001 in May (see page 9 for more details); .

Adjusted EBIT and adjusted EBITDA, excluding the impact of the KC-390 cost base revision, were US$ 109.5 million and US$ 171.3 million, respectively. Adjusted EBIT margin in 2Q18 was 8.7% and adjusted EBITDA margin in the same period was 13.6%. Year-to-date, adjusted EBIT margin for the Company was 6.0% and adjusted EBITDA margin was 11.6%, in line with Embraer‟s published 2018 guidance ranges of 5-6% for adjusted EBIT and 10-11% for adjusted EBITDA; .

2Q18 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (126.5) million and US$ (0.69), respectively. Adjusted Net income (excluding deferred income tax and social contribution and special items) for 2Q18 was US$ 6.1 million, with Adjusted earnings per ADS of US$ 0.03; .

Embraer generated US$ 47.8 million in Free cash flow in 2Q18, and finished the quarter with total cash of US$ 3,341.1 million and total debt of US$ 4,062.3 million, yielding net debt of US$ 721.2 million; .

The Company reaffirms all aspects of its 2018 financial and aircraft deliveries guidance, which does not include the non-recurring impact of the KC-390 cost base revision recognized in 2Q18.

See full press release on PDF attached.

Download

 

 



Loading comments for Embraer earnings results 2nd quarter 2018...


Recommended

New flights to Tashkent, Uzbekistan from London, Paris and Frankfurt for Summer 2019 by Air Astana

Air Astana, the Skytrax award-winning national carrier of Kazakhstan, is pleased to offer new through flights to Tashkent, Uzbekistan via its Astana hub from London Heathrow, Frankfurt and Paris CDG f...

Satcom Direct names Evgeniy Pashkov regional director EEMEA

Satcom Direct, the business aviation solutions provider, has appointed Evgeniy Pashkov as regional director for EEMEA. In his new role, Evgeniy will oversee SD’s sales and business developm...

Gothenburg Landvetter Airport welcomes Qatar Airways’ Inaugural Flight

Qatar Airways’ first non-stop flight from Doha to Gothenburg, Sweden landed at Gothenburg Landvetter Airport, marking the airline’s second gateway into Sweden. Qatar Airways flight 177, op...

Successful year of Falcon Aviation Highlighted at MEBAA 2018

New Dubai DWC facility shaping up to be Premier Business Jet MRO base Formal opening of DWC MRO hangar in Q1 2019 Formulates Turboprop Aircraft MRO at Al Bateen, Abu Dhabi  Falcon Avi...