As 2014 marks the 25th anniversay of the acquisition of Shorts Brothers PLC by Bombardier the company’s annual accounts show a solid overall performance.
Accounts filed last week showed Bombardier Belfast recording an operating profit of $81.6 million (approximately £50m) equating to nine per cent of turnover compared to previous year figures of $65.3 million (approximately £40m) which was 8.4 per cent of turnover.
Short Brothers plc Chairman, Ken Brundle said that despite the “encouraging signs in the global economy” 2013 was a challenging year for the company.
He added: “Bombardier gave a solid performance overall, maintaining a good order backlog whilst continuing its on-going major investments in new aircraft programmes. Our Belfast business reflected the slow pace of recovery in some markets, such as the smaller business jet market, but good progress was maintained in the larger business and commercial jet segments. Our new wing facility, which is part of the overall £520 million investment in Belfast in the CSeries aircraft programme, was opened officially in October and it is a truly world-class facility and has been certified to Gold level in the international Leadership in Energy and Environmental Design rating system (LEED®) which is the foremost international programme for buildings designed, constructed, and operated for improved environmental and health performance.”