CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Bombardier predicts revenue growth

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Bombardier Inc. expects revenue to grow to between US$17 billion and US$17.5 billion next year.

The company (TSX:BBD.B) says that’s up by about US$1 billion from its guidance for 2017 at the mid-point of the range.

However, analysts on average had expected revenue to grow to about $18.4 billion next year, according to Thomson Reuters.

Bombardier says the growth in revenue is expected to be driven by the ramp-up of key projects at Bombardier Transportation and higher C Series aircraft deliveries.

Over the next three years, the company’s objective is to grow revenue by US$4.0 billion, which represents a seven per cent compound annual growth rate.

Bombardier is expected to provide an update on its turnaround plan and discuss its guidance at its annual investor conference this afternoon.

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