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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Bombardier Inc.    BBD.B   CA0977512007

BOMBARDIER INC.

(BBD.B)
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Bombardier : Transportation receives TWINDEXX Vario order from Lower Saxony

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09/24/2020 | 07:31am EDT
Bombardier Transportation receives TWINDEXX Vario order from Lower Saxony

Global mobility provider Bombardier Transportation has received an order from Lower Saxony's regional public transport operator, Landesnahverkehrsgesellschaft Niedersachsen (LNVG), for 14 additional BOMBARDIER TWINDEXX Vario double-deck coaches.

A total of 12 intermediate cars and two control cars will be delivered, increasing LNVG's fleet to 246 TWINDEXX Vario double-deck coaches, in addition to the 37 TRAXX locomotives already in service.

The single-car TWINDEXX Vario coaches' modularity enables operators to easily integrate additional trains into the existing train configuration and quickly remove them according to changing conditions.

In addition to their operational flexibility, the new, modern TWINDEXX Vario coaches will be equipped with video surveillance, WLAN and a passenger information system (PIS). The 14 new coaches are scheduled to enter service in the Lower Saxony region of northwest Germany.

Managing Director of LNVG, Carmen Schwabl, said: "The coaches start service and will go into operation in autumn 2022. This will allow us to keep these highly demanded connections in the Hamburg area attractive and create more space for passengers, especially during rush hours."

Francois Muller, Head of Private Operators and Services at Bombardier Transportation, said: "We are proud that our long-standing partner LNVG has once again chosen the proven TWINDEXX Vario double-deck coaches to expand its fleet and its range of services. The order for the new coaches is a great vote of confidence in the quality, reliability and operational safety of these comfortable vehicles."

Since the first delivery, Bombardier has been responsible for the complete preventive and corrective maintenance of LNVG's fleet, achieving an average availability of over 99 per cent. Maintenance will also provided for the new coaches.

Since 2019, Bombardier has also been carrying out the so-called “General Inspection XL Dosto” on behalf of LNVG, during which a total of 88 double-deck coaches, electric and diesel locomotives are being thoroughly modernised to perform well during the second half of their lifecycle. These vehicles are expected to be renewed and gradually integrated into the fleet by 2024. The first modernised coaches are already in service in the Hansenetz and offer passengers a quality parallel to new vehicles.

© Russell Publishing Limited, 2020. All Rights Reserved., source Trade Journals


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Financials (USD)
Sales 2020 13 513 M - -
Net income 2020 -908 M - -
Net Debt 2020 7 539 M - -
P/E ratio 2020 -0,64x
Yield 2020 -
Capitalization 567 M 568 M -
EV / Sales 2020 0,60x
EV / Sales 2021 0,48x
Nbr of Employees 53 900
Free-Float 88,7%
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Number of Analysts 16
Average target price 0,41 $
Last Close Price 0,21 $
Spread / Highest target 258%
Spread / Average Target 94,1%
Spread / Lowest Target 0,49%
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…ric Martel President, Chief Executive Officer & Director
Pierre Beaudoin Chairman
Paul Sislian Executive Vice President-Operations
John Di Bert Chief Financial Officer & Senior Vice President
FranÁois Caza Chief Technology Officer
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