Bombardier: 2025 objectives raised, the title jumps


(CercleFinance.com) – Bombardier climbed more than 7% on Thursday on the Toronto Stock Exchange after having revised upwards its strategic objectives for 2025 to reflect its solid performance over the past two years.

The Canadian aircraft manufacturer now says it is targeting annual revenues of more than $9 billion by 2025, up from a previous forecast of around $7.5 billion.

The industrial group also anticipates adjusted earnings before financing charges, financing income and income taxes (EBIT) of more than 1,625 million dollars, against 1,500 million until then.

In addition, Bombardier expects to generate significant cash flows in the coming years, in the order of more than 900 million dollars per year by 2025.

It also intends to continue to reduce its debt, now expecting to achieve a net debt ratio in the range of 2x to 2.5x.

“The future is bright for Bombardier,” he assured today on the occasion of his 2023 investor day.

Between 2020 and 2022, its revenue grew 23% to $6.9 billion, while its profitability more than quadrupled, with adjusted EBITDA rising to $930 million.

Following all these announcements, Bombardier ‘B’ stock jumped 7.5% Thursday morning on the TMX in a Canadian stock market that was hovering around equilibrium.

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