ATR sees revenue growing in 2012, but predicts a relatively flat period this year
Despite nascent signs of order recovery in the turboprop market, ATR expects another year of treading water before deliveries and revenue experience a step change in 2012. Revenue is expected to jump to $1.8 billion from the current level of approximately $1.35 billion, in part based on the strength of $2.4 billion in new orders (80 firm, 33 options) booked by the turboprop maker in 2010, says CEO Filippo Bagnato. Last year, orders doubled those of 2009 and 2008. The intake of five ...
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