Embraer reports sharp profit growth in 2Q2012, raises full year guidance

Embraer revenue up 26% - financial highlights:

• Three months ended 30-Jun-2012:
  • Revenue: USD1717 million, +26.4% year-on-year;
    • Commercial aviation: USD1176 million, +32.4%;
  • Operating profit before financial income: USD197.4 million, +86.9%;
  • Profit before tax: USD204.7 million, +56.6%;
  • Net profit: USD54.3 million, -43.7%;
  • Aircraft delivery:
    • Commercial: 35;
• Six months ended 30-Jun-2012:
  • Revenue: USD2873 million, +19.0%;
    • Commercial aviation: USD1936 million;
  • Operating profit before financial income: USD263.2 million, +31.7%;
  • Profit before tax: USD263.0 million, +12.2%;
  • Net profit: USD117.0 million, -41.9%;
  • Aircraft delivery:
    • Commercial: 56;
  • Total assets: USD9568 million, +1.1% when compared to period ended 31-Mar-2012;
  • Cash and cash equivalents: USD1686 million, +17.3% when compared to period ended 31-Mar-2012;
  • Total liabilities: USD6375 million, +1.3% when compared to period ended 31-Mar-2012;
• 2012 forecast:
  • EBIT margin: Revised from 8% - 8.5% to 9% - 9.5%;
  • EBITDA margin: Revised from 11.5% - 12.5% to 12.5% to 13.5%. [more - original PR]