bombardier recreational products year end results

Revenues were up 20% from the previous year for Bombardier Recreational Products. This Recreational products income before income taxes for the year was $150.3 million, compared with $86.0 million the previous year. Company sources said that the increase in profitability resulted from higher sales of snowmobiles and watercraft, operational efficiency improvements and the inclusion of outboard engine results.

In March 2001, Bombardier Recreational Products completed the acquisition of the Evinrude and Johnson outboard engine brands followed in September by the first Bombardier-built outboard engine to roll off the production line at the new state-of-the-art manufacturing plant in Sturtevant, Wisconsin.

Further enhancing profitability was Bombardier Recreational Products increased market share in both snowmobile and watercraft markets.

For the fourth quarter of fiscal 2002, Bombardier Recreational Products revenues of $678.7 million reflecting an increase of 21% from the same quarter of 2000-01. This 21% growth in revenues is mainly attributable to higher sales of ATVs and the inclusion of outboard engine activities.

Highlights of the group's year include:

1. Acquisition and relaunch of Evinrude and Johnson brands;
2. Introduction of more environmentally-friendly Sea-Doo watercraft and Ski-Doo snowmobiles;
3. Introduction of six new ATV models.