Bombardier reported net profit and solid margin growth in 2018

BombardierThe net profit of the Canadian aircraft manufacturer Bombardier amounted to 318 million USD in 2018, while at the end of 2017 the company reported a loss of 525 million USD. Diluted earnings per share were 0.09 USD against a loss of 0.24 USD a year earlier. The revenue in annual terms slightly increased to 16.236 billion USD.

In the fourth quarter, Bombardier’s net profit was 55 million USD against a loss of 188 million USD in the same period last year. Diluted earnings per share were 0.02 USD against a loss of 0.09 USD in the fourth quarter of 2017. The company’s revenue fell by 7% YoY 4.303 billion USD.

“2018 was a year of solid progress”, said the CEO of Bombardier, Alain Bellemare. “We continued to strengthen our business and set a strong foundation for growth. A foundation that includes a refreshed portfolio of best-in-class products, industry-leading backlogs, and a more streamlined cost structure, all of which gives us a clear path to achieve our 2020 objectives”, added he.

The segment achieved industry-leading deliveries at 137 aircraft for 2018, including 42 Global, 83 Challenger, and 12 Learjet.

Bombardier is a multinational aerospace and transportation company based in Montreal, Quebec, Canada. On October 16, 2017, the Airbus Group bought a 50.01% majority stake in the CSeries Aircraft.