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Bombardier Aerospace posts full year 2011 EBIT of $502m

Bombardier Aerospace’s revenues totalled $8.6 bn, compared to $8.8 bn last fiscal year, while EBIT totalled $502 million, or 5.8% of revenues, compared to $554 million, or 6.3%, last fiscal year. Bombardier Aerospace’s backlog increased to $22 bn as at December 31, 2011, compared to $19.2 bn as at January 31, 2011. The group recorded 249 net orders for the fiscal year ended December 31, 2011, for a book-to-bill ratio of 1.0, compared to 201 net orders, for a book-to-bill of 0.8, last fiscal year. Deliveries totalled 245 aircraft for the fiscal year ended December 31, 2011, compared to 256 last fiscal year, including 163 business aircraft, compared to 155 aircraft last year. In the market categories in which it competes, Bombardier Business Aircraft is the market leader for the 8th consecutive year, with a market share of 37% based on revenues, up from 35% last year. Bombardier Commercial Aircraft delivered 78 units in the fiscal year ended December 31, 2011, compared to 97 aircraft in the previous year.

Bombardier Aerospace expects to deliver approximately 180 business aircraft and 55 commercial aircraft for the fiscal year 2012. EBIT margin for the year ending December 31, 2012 is expected to be approximately 5%.

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