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Запросить отзывыBombardier today released financial results for the second quarter
of fiscal year 2008 that show strong performance before the
write-off of its investment in Metronet. Earnings before financing
income, financing expense and income taxes, from continuing
operations (EBIT) before special items, grew by $87 million to
reach $213 million. The EBIT margin before special items was 5.3%,
compared to 3.6% for the same period last fiscal year. Free cash
flow (cash flows from operating activities less net additions to
property, plant and equipment) reached $633 million, compared to
$146 million for the same period last fiscal year. Cash and cash
equivalents totalled $3 billion, compared to $2.6 billion as at
January 31, 2007. "Our continued efforts, rigorous management of
our cost base and improved execution have generated solid
performances from both groups during this second quarter," said
Laurent Beaudoin, Chairman of the Board and Chief Executive
Officer, Bombardier Inc. "The Aerospace group made good progress in
all areas, with increased profitability and high order intake for
both regional and business aircraft, raising its backlog to a
record level. At Transportation, in addition to a strong
improvement in free cash flow, we are seeing new orders from
emerging markets such as China, India and Russia, a tribute to the
quality and reliability of our products," added Mr. Beaudoin. "Our
solid backlog and cash position, as well as diversified product
portfolio, form the backbone of our ongoing improvement in
profitability."
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