Bombardier revenue down 5%, profits down in 1QFY2011

Bombardier revenue down 5% - financial highlights for the three months ended 30-Apr-2010:

• Revenue: USD4,246 million, -5.0% year-on-year;
  • Bombardier Aerospace: USD1,935 million, -13%;
• Cost of sales: USD3,523 million, -5.6%;
• EBITDA: USD331 million, -6.8%;
• EBIT: USD224 million, -4.7%;
  • Bombardier Aerospace: USD89 million, -19.1%;
• EBT: USD196 million, -3.0%;
• Net profit: USD152 million, -2.6%;
• Order backlog: USD44,400 million, compared to USD43,800 million for the period ended 31-Jan-2010;
  • Bombardier Aerospace: USD17,300 million, compared to USD16,700 million for the period ended 31-Jan-2010;
• Aircraft orders:
  • Bombardier Aerospace: 61, +577.8%;
• Aircraft deliveries:
  • Bombardier Aerospace: 53, -29.3%. [more]

Bombardier: "While economic conditions are improving, the recent credit concerns affecting some countries in Europe are creating uncertainty. We continue to monitor the situation and to manage our activities with rigour and discipline," Pierre Beaudoin, President and Chief Executing Officer. Source: Bombardier, 02-Jun-2010.