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Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

December 6, 2018 3:32 PM
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The Montreal-based company, which reports in U.S. dollars, forecasts total revenues of about $18 billion (U.S.) next year, as the freshly certified Global 7500 — its longest-range business jet — enters into service. The jetliner, sold out through 2021, will contribute to an expected $6.5 billion in business aircraft revenues. Both figures align roughly with analyst expectations, according to Thomson Reuters Eikon.

A $34-billion rail backlog will furnish more than 80 per cent of the railway division’s projected income of $9.5 billion for 2019. The company forecasts a 30 per cent surge to between $1.15 billion and $1.25 billion in total earnings before interest, tax and special items.

Bombardier estimates aftermarket revenues will grow to about $4 billion in 2019 from about $3.5 billion in 2018 as repairs and other services play out across its base of more than 100,000 rail cars, 4,700 business jets and 1,250 regional jets.

Source: thestar.com

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