Bombardier Reports First Quarter 2018 Results, Announces Sale of Downsview Property and plans for new Centre of Excellence for Global Aircraft

martes, 8 de mayo de 2018

  • Revenues increase 12% year-over-year to $4B, highlighting top-line growth acceleration
  • Strong order activity drives backlog expansion at Transportation, Business Aircraft, and Commercial Aircraft
  • Consolidated EBITDA(1) and EBIT before special items(1) of $265M and $201M respectively; EBIT margin(2) increases to 5%
  • Free cash flow usage(1) of $721M, in line with plan and full year breakeven target
  • Airbus partnership expected to close before the end of the second quarter, ahead of schedule(3)
  • Entered into a definitive agreement to sell Downsview property to the Public Sector Pension Investment Board, increasing liquidity by more than $550M
  • New Centre of Excellence for Global business aircraft planned at Toronto Pearson International Airport
full press release

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