In the first quarter of 2016 (1Q16), Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to 1Q15;
The Company’s firm order backlog ended the quarter at US$ 21.9 billion, compared to US$ 20.4 billion at the end of 1Q15 and $22.5 billion in backlog at the end of 2015;
As a result of higher aircraft deliveries in both the Commercial Aviation and Executive Jets segments, 1Q16 revenues were US$1,309.0 million, an increase of 24% compared to 1Q15;
EBIT and EBITDA margins were 6.5% and 12.8%, respectively, in 1Q16 (compared to 7.5% and 14.1% in 1Q15), and EBIT and EBITDA for the quarter were US$85.7 million and US$167.6 million, respectively (versus US$79.6 million and US$149.1 million in 1Q15);
1Q16 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$103.9 million and US$0.5690, respectively;
Adjusted Net Loss, which excludes non-cash deferred income taxes and social contribution largely related to the impact of foreign exchange variation on non-monetary assets, was a loss of US$(1.7) million in 1Q16;
Embraer ended 1Q16 with a total cash position of US$3,443.3 million and total debt of US$3,663.2 million, yielding a net debt position of US$219.9 million in the quarter;