31-Jul-2015 9:51 AM
Bombardier 2Q2015 results in line with expectations
Bombardier revenue down 6% - financial highlights three months ended 30-Jun-2015:
- Revenue: USD4620 million, -5.5% year-on-year;
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- Commercial aircraft: USD598 million, -20.7%;
- Aerostructures and engineering services: USD472 million, -2.3%;
- EBIT (loss): USD226 million, -12.1%;
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- Commercial aircraft: (USD10 million), compared to a profit of USD17 million in p-c-p;
- Aerostructures and engineering services: USD42 million, +90.9%;
- Net profit: USD125 million, -19%;
- Net profit: USD28,784 million;
- Cash and cash equivalents: USD3105 million;
- Total liabilities: USD27,325 million. [more - original PR]
Bombardier: "Overall, the second quarter was in line with plan in terms of revenues, EBIT and deliveries, and our liquidity stands at USD4.4 billion. After five months on the job, I have a better understanding of our challenges and opportunities. We are taking specific action, including the launch of our Bombardier transformation plan, a disciplined approach to cash management, and the strengthening of our leadership team to reshape the company and ensure our long-term success," Alain Bellemare, President and CEO. Source: Company statement, 30-Jul-2015.