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Embraer 2012 outlook and guidance

Direct News Source

09-Feb-2012 Embraer today released the following market guidance to the investment community:

2011 HIGHLIGHTS

Embraer experienced a positive year in 2011. The Company delivered a total of 105 commercial jets, as well as 99 executive jets, being 83 light jets and 16 large jets. Furthermore, overall revenues from the Aviation Services and the Defense & Security segment were above the Company's guidance, which, combined with the additional deliveries of commercial jets, helped offset the shortfall in executive jet deliveries. Considering the above, the Company was able to meet its annual Revenue guidance. From an operational perspective, the Company's ongoing productivity efforts, coupled with a good revenue mix, contributed to a strong recurring operating margin profile, above the annual Operating Margin guidance. With respect to sales, the Company booked a total of 124 new orders for the E-Jets family, which helped assure a reasonably stable backlog, totaling US$15.4 billion at the end of 2011. As a result of the strong deliveries in 4Q11, the Company had a strong operating cash flow generation for the period and therefore the Company's Net Cash position at the end of 2011 was approximately US$ 470 million.

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