The Montreal-based business-jet manufacturer expects 2022 free cash flow of more than $515m as orders surgeThe Bombardier Inc Global 6000 business jet, on display during a media event at Seletar Aerospace Heights in Singapore before the pandemic. Picture: GETTY IMAGES/NICKY LOH
Montreal-based Bombardier now expects 2022 free cash flow of more than $515m, compared with its earlier forecast of over $50m, as orders surge. Analysts on average were expecting full-year free cash of $181.46m, according to estimates from Refinitiv. “We do face, what I would call, a crosswind on supply chain,” CEO Eric Martel told a call with analysts.“The greater than 120 takes into account some of the risk we have ahead of us mainly driven by engines right now,” Martel said.Asked about industry chip shortages, Martel said there had been “some impact”, such as the delivery of spare parts for the company’s services business, though efforts were being made to mitigate any effect.
Source: News Formal (newsformal.com)
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