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Bombardier announces financial results for quarter ended 31-Oct-05

1-Dec-2005

TORONTO (Bombardier) - Bombardier today announced a profitable third quarter amidst continued challenging aerospace industry conditions.

  • Consolidated revenues of $3.3 billion
  • EBT before special items of $27 million
  • Free cash flow of $125 million, an improvement of $277 million
  • Cash and cash equivalents of $2.5 billion
  • Major increases of 71% in business aircraft deliveries and 43% in net orders
  • 150th Global aircraft enters into service
  • New order intake totalling $2.1 billion at Bombardier Transportation
  • Book-to-bill ratio of 1.1 at Bombardier Transportation for the first nine months
  • Total backlog at $30.7 billion
  • Agreement to exit from servicing of BC's manufactured housing operations

With four of its airline customers under bankruptcy protection, the Corporation nevertheless reported earnings before income taxes from continuing operations (EBT) before special items of $27 million.

"There is no doubt the financial distress facing some of our airline customers had an impact on our results," said Laurent Beaudoin, Chairman and Chief Executive Officer, Bombardier Inc. "We however continue to benefit from the diversification of our aerospace activities, as demonstrated by the significant increases in both deliveries and orders of our business aircraft, and our successful participation at NBAA this year."

Bombardier is a CAPA Member. For more information on the Centre for Asia Pacific Aviation's membership service, please click the icon below.

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