(CercleFinance.com) – Bombardier reported on Thursday an “impressive” increase in its operating profit in the third quarter thanks to the increase in margins on its Global 7500 aircraft and the progress made in terms of its cost structure. .
The Canadian aerospace group says it generated adjusted ‘EBITDA’ of $210 million over the period, up 48% compared to the corresponding period of the previous year.
Its revenues remained stable, around 1.45 billion dollars, but its order book grew by 300 million during the quarter to now stand at 1.5 billion dollars.
Without revealing a financial outlook, Eric Martel, its president and chief executive, indicated that the group was advancing “towards its long-term objectives”.
Bombardier points out in particular that the number of aircraft deliveries is progressing towards its forecast of more than 120 aircraft for the current fiscal year.
Following these figures presented as ‘solid’, the Bombardier B class action climbed 5% Thursday morning on the Toronto Stock Exchange.
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