Embraer releases first quarter 2011 results in IFRS

- The firm order backlog totaled US$ 16 billion at the end of the first quarter of 2011 (1Q11), an increase of US$ 400 million over the firm order backlog at the end of 2010, representing approximately three times current annual revenues guidance;

- During 1Q11, Embraer delivered 20 jets to the commercial aviation market and eight to executive aviation market (six light jets and two large jets);

- 1Q11 Revenues reached US$ 1,055.7 million, and Gross margin achieved 24.3% in 1Q11;

- EBIT and EBITDA margins were 8.9% and 14.8% in 1Q11 respectively – above the 7.5% guidance and the 11% projection for the year;

- Net income attributable to Embraer in 1Q11 totaled US$ 105.1 million, higher than the US$ 24.1 million achieved in 1Q10. Earnings per ADS for 1Q11 reached US$ 0.5810;

- Net cash position totaled US$ 504.9 million.

Source: EMBRAER

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