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

Ethiopia invigorates tourism with eVisa

With the introduction of eVisa service back in June 2017, Ethiopia eased entry into the country with a digitised service accessible from any part of the world, which to-date has seen more 200,000 people from 217 countries visit Ethiopia

Embraer signs services and support contracts with African carriers

Embraer announced today at MRO Europe the signing of new maintenance contracts and the extension of agreements with African, and European, carriers, securing customers an efficient operation with the state-of-the art support from

EgyptAir in expansion of cooperation with Optiontown

EgyptAir has announced the expansion of cooperation with Optiontown for optimum travel services.

More control, less waiting - top priorities for passengers

The International Air Transport Association (IATA) has announced the results of its 2019 Global Passenger Survey showing that passengers are looking to technology to improve their travel experience.

Kenya Airways introduces new Economy Class seat product for its long-haul routes

Kenya Airways (KQ) has introduced a new seat product- Economy Comfort, which is set to enhance customer comfort and experience.

Aviation Africa Summit & Exhibition wins ‘Best International Event’ at EN Indy Awards

Aviation Africa has won 'Best International Event' for the 2019 event held in Kigali, Rwanda in February this year.

AVAFA20SK2207050320
See us at
Dubai AS BT2006211119AVAFA20BT2207050320AVMENA20 BT1309100620