Bombardier released its financial results for the first quarter ended April 30, 2009. Revenues reached $4.5 billion, compared to $4.8 billion, while earnings before financing income, financing expense and income taxes (EBIT) totalled $235 million, compared to $324 million last fiscal year. The EBIT margin at 5.3% compares to last year’s 6.8%.
Net income reached $158 million, compared to $229 million for the same period last year. The overall backlog totalled $47.4 billion, compared to $48.2 billion as at January 31, 2009.
Free cash flow (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) usage totalled $817 million. The cash position stands at $2.7 billion as at April 30, 2009, compared to $3.5 billion on January 31, 2009.
