2-Sep-2010 11:41 AM

Bombardier revenue down 18%, profits also down in 2QFY2010

Bombardier revenue down 18% - financial highlights for the three months ended 31-Jul-2010:

  • Revenue: USD4,079 million, -18% year-on-year;
  • EBITDA: USD331 million, -24.1%;
  • Operating profit: USD231 million, -26.2%;
  • Net profit: USD144 million, -27.3%;
  • Operating cash flow: (USD228 million), compared with a positive cash flow of USD173 million in p-c-p;
  • Debt: USD7,428 million, +22.1% when compared with period ended 31-Jan-2010. [more]

Bombardier: “While both [business aircraft and commercial aircraft] markets were affected by the recession, we believe that the market fundamentals are strong in the long-term for new business and commercial aircraft. We reaffirm our guidance to deliver approximately 15% and 20% fewer business and commercial aircraft respectively in fiscal year 2011 compared to fiscal year 2010. Our overall BA EBIT margin for fiscal year 2011 is expected to be at a similar level as fiscal year 2010,” Company statement. Source: Bombardier, 01-Sep-2010.