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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (955)	11/28/2001 9:16:20 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier Reaffirms its Global Leadership and Confirms its Financial Objectives for the Coming Years MONTREAL, QUEBEC--NOVEMBER 28, 2001 - 08:31 EST Mr. Robert E. Brown, president and chief executive officer of Bombardier Inc., reaffirms today the leadership of Bombardier in all its sectors of activities and confirms the objective of the Corporation to achieve a 15% earnings per share growth, or $0.81 per share, for fiscal 2001-02. Mr. Brown is also confident that the financial analysts' consensus estimate of earnings per share of $0.89 for fiscal 2002-03 will be attained. "If the economic situation improves quicker than expected, we will be able to surpass these consensus estimates." In addition, Bombardier plans on doubling its revenues within the next five years, from $16.1 billion last fiscal year to at least $32 billion in 2005-06. And lastly, Bombardier targets a compounded annual earnings per share growth rate before taxes of 20% for the same period. Mr. Brown addressed some 150 financial analysts and institutional investors in Montreal in the context of Bombardier Day which discusses the Corporation's performance and sets the objectives for 2002 and on. Commenting on the combined impact of the economic downturn and the tragic events of Sept. 11, Mr. Brown pointed to the measures rapidly taken by Bombardier to counter this impact. He stated that in spite of the difficult economic context, the Corporation's fundamentals have been reinforced during the year. "We will continue to provide superior returns to our shareholders, to consolidate our leadership in all our activities and to counter the negative economic cycles with our geographical and product diversification. And finally, with our first-rate management team, we intend to continue controlling our destiny." According to Mr. Brown, Bombardier is well-positioned for growth with a record backlog of $45.9 billion at Oct. 31, 2001, which includes $24.9 billion for the aerospace sector and $21 billion for the transportation sector. Bombardier Day also provides the opportunity to highlight the accomplishments and objectives of each of the Corporation's sectors. Numerous factors foreseen in fiscal 2002-03 permit Bombardier to face the future with confidence: /T/ * Bombardier Aerospace intends to deliver 370 aircraft this year and the same number next year despite a particularly challenging environment; * Bombardier Transportation will post a strong growth in revenues due to the consolidation of Adtranz's results for a complete year; * Bombardier Recreational Products should increase its contribution to the Corporation's performance mainly through the new outboard engine activities and the expansion of markets for its new products; * Bombardier Capital, after exiting the manufactured housing and consumer retail financing businesses, is expected to return to profitability; and finally * Bombardier International's efforts are bearing fruit, so that Bombardier's non-traditional markets, especially China, now offer promising growth prospects. /T/ Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn. FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" that are subject to risks and uncertainties. For information identifying legislative or regulatory, economic, climatic, currency, technological, competitive and other important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, see Bombardier's Annual Report under the heading Risks and Uncertainties in the Management's Discussion and Analysis section. Presentations made at Bombardier Day can be heard live on the Corporation's website at www.bombardier.com under the "What's New" section from 10:00 a.m. to 5:30 p.m. today Wed., Nov. 28, 2001. They will remain accessible for the month following.