The 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.