Bombardier Soars to New Heights, Securing a Spot in the Prestigious 2023 TSX30 Ranking
In a remarkable display of resilience and innovation, Bombardier has etched its name in the 2023 TSX30 ranking, a prestigious acknowledgment by the Toronto Stock Exchange (TSX) that celebrates the top 30 performing stocks over three years. This recognition marks Bombardier's debut on the list and underscores its robust financial health and substantial contribution to Canada's economy.
A Milestone Achievement
Bombardier, the solitary aerospace entity in the ranking, has showcased an impressive trajectory, with its three-year dividend-adjusted share price escalating by a staggering 522%. This growth is mirrored in its market capitalization, which saw a 533% increase, affirming the company's fortified financial stance and pivotal role in bolstering the Canadian economy.
A Testament to Resilience and Innovation
The company's Executive Vice President and Chief Financial Officer, Bart Demosky, attributed this success to the relentless efforts of the Bombardier team, whose innovative spirit and dedication have propelled the business forward. The inclusion in the TSX30 list is a testament to the value Bombardier has cultivated for its shareholders and its significant imprint on the Canadian economic landscape.
Redefining Core Business with a Focus on Sustainability
Over the past three years, Bombardier has strategically honed its focus on the design, manufacturing, and servicing of industry-leading business jets. This strategic shift has fostered a more predictable business model and reinforced its leadership in the industry.
Bombardier has initiated tangible steps to minimize environmental impact in manufacturing and servicing aircraft to champion sustainable aviation. The EcoJet research program launched in 2022 and the commitment to fuel all flight operations with sustainable aviation fuel (SAF) from 2023 testify to Bombardier's dedication to eco-friendly initiatives.
Celebrating Success with Industry Stalwarts
Loui Anastasopoulos, the CEO of the Toronto Stock Exchange, lauded Bombardier's remarkable resilience and ability to adapt and thrive amidst challenging circumstances. The TSX30, initiated in 2019, recognizes TSX-listed stocks that have demonstrated sustained excellence, driving growth in their respective industries and contributing significantly to the Canadian economy.Advertising
A global frontrunner in aviation, Bombardier is renowned for its cutting-edge innovation, cabin design, performance, and reliability, with a fleet of approximately 5,000 aircraft serving a diverse clientele worldwide. Headquartered in Greater Montréal, Québec, Bombardier operates facilities across North America and Europe, offering robust customer support through a network spanning strategic global locations.
As Bombardier celebrates this milestone, it continues to forge ahead with a spirit of innovation and sustainability, promising a future of exceptional business jets that marry performance with responsibility. Keep abreast of the latest developments by following Bombardier on X (formerly Twitter) @Bombardier.