23/09/2020

2019 earnings now expected to be $400 million, down from between $700 million and $800 million

Canadian plane and train maker Bombardier Inc said on Thursday it expects full-year results to be lower than previously forecast, hurt partly by challenging rail projects.
Bombardier now expects 2019 adjusted earnings before interest and taxes (EBIT) to be about $400 million, compared with a previously forecast range of between $700 million and $800 million.
The company said it also expects the timing of milestone payments and new orders at its Transportation unit to weigh on 2019 results.
More to come
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