May 8, 2015

Bombardier reports financial results for the first quarter ended March 31, 2015

Bombardier reported its financial results for the first quarter ended March 31st, 2015. Revenues totalled US$4.4bn for the quarter, compared to US$4.4b for the same period last fiscal year. For the first quarter ended March 31, 2015, earnings before financing expense, financing income and income taxes (EBIT) totalled US$228m, or 5.2% of revenues, compared to US$207m or 4.8% for the same period last fiscal year. EBIT before special items totalled US$237m, or 5.4% of revenues, compared to US$219m or 5.0% for the same period last fiscal year. Net income totalled US$100m compared to US$115m for the same period the previous year. On an adjusted basis, net income amounted to US$170m for the first quarter ended March 31, 2015, compared to ÚS$151m for the same period the previous year. During the first quarter, as part of the financing plan announced last February, the Corporation closed an US$868m public offering of equity and issued a US$2.25bn aggregate amount of unsecured Senior Notes, both oversubscribed. Of this amount, US$750m of Senior Notes due in 2016 were redeemed in advance on April 29, 2015.



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