Bombardier Aerospace reports third quarter results

Bombardier Aerospace’s revenues totalled $2.3bn, the same level as last fiscal year. EBIT totalled $123m translating into an EBIT margin of 5.4% for the third quarter ended September 30, 2012, compared to $129m, or 5.6%, last fiscal year. Free cash flow usage totalled $68m compared to a free cash flow of $53m for the corresponding period last fiscal year. A total of 57 aircraft were delivered during the third quarter ended September 30, 2012 compared to 68 for the corresponding period last fiscal year. Bombardier Aerospace’s backlog increased by 18.6% reaching $26.1bn as at September 30, 2012, compared to $22.0bn as at December 31, 2011. Bombardier Business Aircraft saw a strong level of order intake with 45 net orders compared to 30 for the corresponding period last fiscal year. This includes three multi-aircraft firm orders totalling 19 aircraft of the Global family, valued at $1.2bn, based on list prices. Bombardier Commercial Aircraft received 38 firm orders during the third quarter ending September 30, 2012, including a conversion of the conditional order placed by WestJet for 20 Q400 NextGen turboprops into a firm purchase order valued at $683m, based on list prices. It also included the conversion into firm orders for six CRJ900 NextGen regional jets and 12 Q400 NextGen turboprops. The value of these firm orders is $643m.