Bombardier Aerospace posts financial results for the third quarter

Bombardier Aerospace’s revenues amounted to $2.0bn for the three-month period ended September 30, 2013, compared to $2.3bn for the same period last fiscal year. EBIT totalled $86m or 4.3% of revenues for the third quarter ended September 30, 2013, compared to $118m, or 5.2%, last fiscal year. Free cash flow usage amounted to $406m (including net additions to property, plant and equipment (PP&E) and intangible assets of $585m) for the third quarter ended September 30, 2013, compared to a usage of $68m (including net additions to PP&E and intangible assets of $543m) for the same period last fiscal year. Bombardier Aerospace delivered a total of 45 aircraft during the third quarter ended September 30, 2013, compared to 57 for the same period last fiscal year, and received 26 net orders during the third quarter, compared to 83 for the same period last fiscal year.