Nicolai Tørnfeldt's questions to Bristow Group Inc (VTOL) leadership • Q4 2024
Question
Nicolai Tørnfeldt from Fearnley Securities asked for the expected timeline to see the full ramp-up and earnings potential from the new Irish Coast Guard and UKSAR2G contracts.
Answer
President and CEO Chris Bradshaw explained that 2024 and 2025 are transition years with significant start-up costs. He stated that 2026 will offer a cleaner picture of the earnings potential, particularly from the Irish contract, with 2027 and beyond providing an even clearer, fully ramped view of the profitability from these long-term government contracts.