Bombardier's profit falls

Bombardier Aerospace’s revenues amounted to $2.6bn for the three-month period ended December 31, 2012, compared to $2.0bn for the corresponding period last fiscal year. For the year, revenues totalled $8.6bn, the same level as last fiscal year. EBIT before special items totalled $382 million, or 4.4% of revenues, for the year ended December 31, 2012, compared to $502m, or 5.8%, last fiscal year. For the fourth quarter ended December 31, 2012, EBIT totalled $89m, or 3.4% of revenues, compared to $127m, or 6.3%, for the corresponding last fiscal year. For the year, EBIT was $405m, or 4.7% of revenues, compared to $502m, or 5.8%, last fiscal year. Free cash flow totalled $277m for the fourth quarter ended December 31, 2012, compared to $110m for the corresponding period last fiscal year. For the year ended December 31, 2012, free cash flow usage totalled $867m compared to a free cash flow usage of $453m for the last fiscal year. A total of 233 aircraft were delivered during the year ended December 31, 2012, compared to 245 for the last fiscal year.