Report
Delphine Chauvin

Bombardier : Des décisions plus radicales sont nécessaires

Nous avons un Avis Négatif de longue date sur Bombardier, qui a continué de consommer près de 1 md USD de free cash-flow par an en moyenne ces 5 dernières années, et qui ne parvient donc pas encore à rendre ses activités profitables. Au-delà des dernières déceptions dans le Transport, c’est plus la situation financière du groupe à fin 2019 qui nous interpelle. Après avoir encore consommé l’an dernier près de 800 m USD de cash post-cessions, Bombardier a donc débuté 2020,...
Underlying
Bombardier Inc. Class B

Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Chauvin

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