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CAE 2QFY2010 revenue down 10.4%; net pro

12-Nov-2009 11:43 AM

CAE revenue down 10.4% - financial highlights for the three months ended 30-Sep-2009:

  • Revenue: USD348.8 million, -10.4% year-on-year;
    • Civil Training & Services: USD98.4 million, -4.8%;
    • Civil Simulation Products: USD61.1 million, -44.1%;
  • Segment operating profit: USD59.6 million, -18.0%;
    • Civil Training & Services: USD15.2 million, -18.5%;
    • Civil Simulation Products: USD11.9 million, -47.0%;
  • EBIT: USD58.6 million, -19.5%;
  • Net profit: USD37.4 million, -20.2%;
  • Backlog: USD2,904 million, -7.4% from the previous quarter;
    • Civil Training & Services: USD758.2 million, -12.7%;
    • Civil Simulation Products: USD243.5 million, -25.9%. [more]
  • *Based on the conversion rate at USD1 = CAD1.045

CAE: “The civil aerospace sector remains a challenge, but our healthy financial position and our diversification among products and services, military and civil markets and our presence on all continents around the world is helping to mitigate its effects. We are continuing to adjust our business in terms of structure and people to reduce costs and to be able to generate cash and profits through the aerospace downturn. We expect continued strong growth in military and the eventual recovery in our civil segments will build on this solid base,” Marc Parent, President and CEO. Source: CAE, 11-Nov-2009.