Bbd targets:
1.expanding its aftermarket business to account for 27% of revenue by 2025
2. reducing Global 7500 unit costs 20% by the 100th delivery.
Bombardier delivered its 50th Global 7500 in March.
3. removing $400 million in costs from its business annually by 2023.
Bbd numbers:
1. Since the sale of the train business closed, Bombardier has paid off about $2.4 billion in debt
2.bbd reduced its annual interest expenses by $200 million.
3. Bombardier ended the first quarter with cash and cash equivalents worth $3.1 billion, up from $1.8 billion at the end of 2020.
4.generated $1.3 billion in first-quarter revenue, up 18% year on year.
5.Bombardier’s operating business lost $251 million in the first quarter of 2021. Bbd says an upswing is under way.
6. Excluding interest, taxes, depreciation and amortisation, however, Bombardier earned a $123 million profit, up 43% year on year.
In 2021, Bombardier anticipates delivering 110 to 120 business jets, generating more than $5.6 billion in revenue and achieving an adjusted profit before interest and taxes of more than $100 million.
Revenues from business aircraft activities in 2021 are expected to be better than 2020 based on a gradual economic recovery scenario,” Bombardier says.
https://www.flightglobal.com/business-aviation/bombardier-makes-first-quarter-loss-but-hopes-worst-of-downturn-behind-us/143630.article