(CercleFinance.com) – Bombardier released quarterly results on Thursday that beat its forecasts and said it was on track to achieve its 2025 targets.
The Canadian aircraft manufacturer reported this morning revenue from its business jets down to $ 1.7 billion in the last quarter of the year.
The company delivered six fewer planes in the fourth quarter than the corresponding quarter last year, a total of 38 planes compared to 44.
But thanks to its cost reduction plan, its adjusted EBIT – which excludes special items – comes out positive at 113 million euros, against a loss of 165 million dollars in the fourth quarter of 2020.
In its press release, the Montreal-based group also reports a “positive” outlook for 2022, with adjusted EBITDA which should increase by 29% compared to 2021 to reach more than 825 million.
These prospects – in line with the objectives for 2025 – also provide for an increase in the number of aircraft deliveries between 15% and 20% over the 2023 financial year.
Bombardier shares rose more than 1.1% on the Toronto Stock Exchange following this publication.
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