Bombardier: stock up as 2025 targets raised

(CercleFinance.com) - Bombardier shares closed up almost 3% on the Toronto Stock Exchange on Thursday after the group raised its strategic targets for 2025 to reflect its strong performance over the past two years.


The Canadian aircraft manufacturer now says it is targeting annual revenues of over $9bn by 2025, up from a previous forecast of around $7.5bn.

It also expects adjusted EBITDA of more than $1,625m, up from $1,500m previously.

The company also plans to continue to reduce its debt, now expecting to achieve gearing of around 2x to 2.5x.

Between 2020 and 2022, revenue grew 23% to $6.9bn, while profitability more than quadrupled, with adjusted EBITDA rising to $930m.


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