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BRIEF-Bombardier Sees FY 2019 Revenue $18 Billion

Published 2018-12-06, 06:13 a/m
Updated 2018-12-06, 06:20 a/m
© Reuters.  BRIEF-Bombardier Sees FY 2019 Revenue $18 Billion

Dec 6 (Reuters) - Bombardier Inc BBDb.TO :

* SEES FY 2019 REVENUE UP ABOUT 10 PERCENT

* SEES FY 2019 REVENUE $18 BILLION

* BOMBARDIER - FREE CASH FLOW INCLUDING ONE-TIME ITEMS, ESTIMATED TO BE BREAKEVEN +/- $250M IN 2019

* BOMBARDIER - 2020 FINANCIAL OBJECTIVES REAFFIRMED

* BOMBARDIER - 2019 REVENUES ESTIMATED TO GROW BY ABOUT 10% OVER 2018 GUIDANCE TO $18 BILLION OR MORE

* BOMBARDIER - EBIT BEFORE SPECIAL ITEMS ESTIMATED TO GROW BY ABOUT 20% IN 2019 OVER 2018 GUIDANCE TO $1.15 BILLION-$1.25 BILLION

* BOMBARDIER - SUSTAINABLE CAPITAL EXPENDITURES ARE PROJECTED TO DECREASE TO APPROXIMATELY $800 MILLION OR LESS ON AN ANNUALIZED BASIS IN 2019

* BOMBARDIER - NORMALIZED 2019 FREE CASH FLOW (EXCLUDING ONE-TIME ITEMS) ESTIMATED TO BE IN RANGE OF $250 MILLION-$500 MILLION

* BOMBARDIER - AFTERMARKET REVENUES ARE ESTIMATED TO GROW FROM APPROXIMATELY $3.5 BILLION IN 2018 TO APPROXIMATELY $4.0 BILLION IN 2020

* BOMBARDIER - EBITDA BEFORE SPECIAL ITEMS ESTIMATED TO INCREASE BY ABOUT 30% IN 2019 OVER 2018 GUIDANCE TO $1.65 BILLION-$1.80 BILLION

* BOMBARDIER - ANTICIPATES ENDING 2020 WITH STRONG LIQUIDITY INCLUDING MORE THAN $3.5 BILLION OF CASH ON HAND A "SIGNIFICANTLY" IMPROVED LEVERAGE RATIO

* BOMBARDIER - SEES 2019 BUSINESS AIRCRAFT DELIVERIES OF 150-155 UNITS

* BOMBARDIER - SEES ABOUT 35 COMMERCIAL AIRCRAFT DELIVERIES IN 2019

* BOMBARDIER - ONE-TIME ITEMS EXPECTED TO IMPACT FREE CASH FLOW IN 2019 INCLUDE A $250-MILLION CHARGE FOR PREVIOUSLY ANNOUNCED RESTRUCTURING

* BOMBARDIER - ESTIMATES CASH ON HAND OF OVER $3.0 BILLION IN 2019 AND OVER $3.5 BILLION IN 2020

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* BOMBARDIER - GROWTH IN 2019 REVENUE IS EXPECTED TO BE DRIVEN BY ENTRY-INTO-SERVICE OF GLOBAL 7500 AIRCRAFT, WHICH IS SOLD OUT THROUGH 2021

* BOMBARDIER - GROWTH IN 2019 REVENUE WILL BE DRIVEN BY EXECUTION ON $34-BILLION RAIL BACKLOG, COVERING OVER 80% OF TRANSPORTATION'S TARGETED 2019 & 2020 REVENUES

* BOMBARDIER - GROWTH IN 2019 REVENUE WILL ALSO BE DRIVEN BY AN INCREASED FOCUS ON AFTERMARKET SERVICES ACROSS PORTFOLIO

* BOMBARDIER - ITEMS SEEN TO IMPACT FCF IN 2019 INCLUDE WORKING CAPITAL CONTINGENCY OF $250 MILLION LARGELY RELATED TO GLOBAL 7500 PROGRAM RAMP-UP

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