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BRIEF-Bombardier Updates 2019 Guidance

Published 2018-11-08, 05:48 a/m
Updated 2018-11-08, 05:50 a/m
© Reuters.  BRIEF-Bombardier Updates 2019 Guidance

Nov 8 (Reuters) - Bombardier Inc BBDb.TO :

* BOMBARDIER REPORTS THIRD QUARTER 2018 RESULTS, ANNOUNCES SALE OF NON-CORE ASSETS AND STRATEGIC ACTIONS TO STREAMLINE THE COMPANY AND DRIVE PRODUCTIVITY

* Q3 REVENUE $3.6 BILLION VERSUS I/B/E/S VIEW $3.86 BILLION

* 2019 REVENUES ARE TARGETED TO GROW BY ABOUT 10% TO $18 BILLION OR MORE, AS DELIVERIES OF GLOBAL 7500 BUSINESS JET ACCELERATE

* SEES 2019 PROFITABILITY GROWING FASTER, WITH EBIT BEFORE SPECIAL ITEMS TARGETED TO GROW BY ABOUT 20% TO RANGE OF $1.15 BILLION TO $1.25 BILLION

* TARGETING TO ACHIEVE FREE CASH FLOW GENERATION IN RANGE OF $250 MILLION TO $500 MILLION IN 2019

* SEES 2019 EBITDA BEFORE SPECIAL ITEMS TO INCREASE BY ABOUT 30% TO A RANGE OF $1.65 BILLION TO $1.8 BILLION

* 2019 FCF GENERATION ANTICIPATED TO BE OFFSET BY $250 MILLION RESTRUCTURING CHARGE & $250 MILLION CONTINGENCY TO REFLECT WORKING CAPITAL VOLATILITY

* ANTICIPATES RECORDING A RESTRUCTURING CHARGE IN 2019 OF ABOUT SAME AMOUNT AS SPECIAL ITEMS

* FY2019 REVENUE VIEW $18.64 BILLION -- THOMSON REUTERS I/B/E/S

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