{"id":7486,"date":"2023-08-06T08:23:27","date_gmt":"2023-08-06T08:23:27","guid":{"rendered":"https:\/\/aviation-news.info\/?p=7486"},"modified":"2023-08-06T08:23:27","modified_gmt":"2023-08-06T08:23:27","slug":"bombardier-sees-profit-increase-in-q2-2023","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=7486","title":{"rendered":"Bombardier sees profit increase in Q2 2023"},"content":{"rendered":"

Aviation news international – Canadian aircraft manufacturer Bombardier has recorded impressive financial performance figures as profitability increases with year-on-year revenue growth continuing. This perhaps demonstrates that business aviation is continuing in popularity and demand.<\/p>\n

Bombardier \u2013 2023 In Numbers<\/h2>\n
\n

In the second quarter of 2023, revenues rose to $1.7 billion increasing by 8% year-over-year. Bombardier witnessed 29 aircraft deliveries and a 19% year-over-year after-revenue increase to $428 million, which reflects why revenues in 2023 have risen to impressive levels.<\/p>\n

Moreover, year-over-year profitability grew across all business units, and higher contributions from the aftermarket with adjusted EBITDA\u00a0 increasing by 37% to $275 million, with an adjusted EBITDA margin up to 350 basis points to 16.4%.<\/p>\n

In the second quarter of this year, 2023 reported an EBIT of $245 million.<\/p>\n

Strong Liquidity<\/h2>\n
\n

Bombardier\u2019s free cash flow usage stood strongly at $222 million, including planned working capital investments to aid the company\u2019s higher number of deliveries and the inauguration of the new Toronto Global Aircraft Manufacturing Centre, at Toronto Pearson Airport.<\/p>\n

This means that the non-recurring cash flow items stood at $104 million.\u00a0Bombardier\u2019s available liquidity stood at $1.2 billion as of June 30, 2023, including $0.9 billion of cash and cash equivalents. Bombardier reported a cash flow usage from operating activities for the quarter at $134 million.<\/p>\n

\n
\"Ryanair<\/a><\/div>\n
Trending<\/span><\/p>\n
Ryanair flight Stansted to Oslo declares emergency<\/a><\/div>\n<\/div>\n<\/div>\n

 <\/p>\n

Huge Backlog<\/h2>\n
\n

No surprise here as demands for private aviation increased exponentially. This year\u2019s second quarter of 2023 they ended with a considerable backlog, at $14.9 billion.<\/p>\n

All in all, Bombardier\u2019s financial results in the second quarter of 2023 signaled that the company is on track toward its financial goals for 2023.<\/p>\n

\u00c9ric Martel, President, and Chief Executive Officer, Bombardier<\/strong>\u00a0proudly commented on Bombardier\u2019s financial results: \u201cBombardier delivered a very strong second quarter.\u201d<\/p>\n

\u201cOur team successfully navigated a highly dynamic business environment that saw sustained demand for new and pre-owned jets, as well as steady service growth, all while supply chain pressure persisted.\u201d<\/p>\n

\n
\"\"
Bombardier Challenger 350 photographed on May 3, 2019 at KTRM<\/figcaption><\/figure>\n<\/div>\n

\u201cWe continue to progress on our positive trajectory by delivering remarkable growth in profitability, propelled by a strong adjusted EBITDA increase and margin expansion, as well as a positive adjusted net income and earnings per share.\u201d<\/p>\n

\u201cThanks to our team\u2019s tremendous work, we boosted our revenues this quarter by 8 % year-over-year, driven in part by an exceptional 19% year-over-year aftermarket revenue increase.\u201d<\/p>\n

Private Jet Demand is Still High<\/h2>\n
\n

The Canadian airplane maker reported strong deliveries and healthy aftermarket sales performance. With $1.7 billion in revenues generated and an 8% year-over-year increase, businesses are looking brighter than ever.<\/p>\n

Bombardier handed over one more aircraft than in the same quarter of last year, which is set to reach its delivery target this year, of more than 138 handovers.<\/p>\n

Bombardier\u2019s impressive figures reflect the entire sentiment of the corporate aviation industry. New backlog orders imply individuals are replacing their current jet or an increase in first-time buyers means the popularity of business aviation is still healthy and alive.<\/p>\n

Aftersales market being healthy also means current owners and operators are still seeing the importance of business aviation in times of opposition towards the industry, namely in the domains of environment and times of economic inequalities.<\/p>\n

source: https:\/\/aviationsourcenews.com\/manufacturer\/bombardier-sees-profit-increase-in-q2-2023<\/a>\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Aviation news international – Canadian aircraft manufacturer Bombardier has recorded impressive financial performance figures as profitability increases with year-on-year revenue growth continuing. This perhaps demonstrates that business aviation is continuing in popularity and demand. Bombardier \u2013 2023 In Numbers In the second quarter of 2023, revenues rose to $1.7 billion increasing by 8% year-over-year. Bombardier …<\/p>\n","protected":false},"author":1,"featured_media":7487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[102,88],"tags":[],"class_list":["post-7486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-en","category-flights"],"yoast_head":"\nBombardier sees profit increase in Q2 2023 - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=7486\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bombardier sees profit increase in Q2 2023\" \/>\n<meta property=\"og:description\" content=\"Aviation news international – Canadian aircraft manufacturer Bombardier has recorded impressive financial performance figures as profitability increases with year-on-year revenue growth continuing. 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