Bombardier reports profit in 3Q2016

Bombardier revenue down 10% - financial highlights for three months ended 30-Sep-2016:

• Revenue: USD3736 million, -9.7% year-on-year;
• • Commercial aircraft: USD538 million, +12.1%;
  • Aerostructures and engineering services: USD337 million, -18.0%;
• EBIT (loss) before special items: USD87 million, +16%;
• • Commercial aircraft: (USD107 million), compared to a loss of USD63 million in p-c-p;
  • Aerostructures and engineering services: USD29 million, -3.3%;
• EBIT: USD63 million, compared to a loss of USD4635 million in p-c-p;
• • Commercial aircraft: (USD107 million), compared to a loss of USD3624 million in p-c-p;
• Net profit (loss): (USD94 million), compared to a loss of USD4888 million in p-c-p;
• Total assets: USD23,876 million;
• Cash and cash equivalents: USD3392 million;
• Total liabilities: USD27,741 million. [more - original PR]

Bombardier: "With strong year-to-date performance, Bombardier reaffirmed its guidance and announced that it expects to finish the year at the high end of its EBIT guidance, with better operating margins(1) at each of its business units and with significantly improved year-over-year cash performance(2). For the third consecutive quarter, EBIT margins before special items(3) at Transportation, Business Aircraft, and Aerostructures and Engineering Services have exceeded 6%, showing early benefits of the Company's turnaround plan. Further highlighting the Company's progress is the recent first flight of the Global 7000; Bombardier's all new class-defining ultra-long range business jet that is on schedule to enter service in 2018." Source: Company statement, 10-Nov-2016.