Rolls-Royce Order Book Logs in at $21.3 Billion

Thursday, May 31, 2001
British aircraft engine maker Rolls-Royce Plc said on Thursday its order book had risen to a record 15 billion pounds ($21.3 billion) as the group added to its share of the civil aviation and marine markets.

There was no change to the short-term outlook for the group, however, with sale delays and restructuring charges expected to hold back earnings growth this year.

"I am pleased to say that the order book has continued to grow since the year-end and today stands at a record $21.3 billion, reflecting significant growth in the civil aerospace and marine market shares," a top level Rolls Royce official said.

At the end of last year Rolls Royce's order book was at $18.5 billion, excluding $1.9 billion in orders that had been announced but not booked. Rolls-Royce had an underlying pre-tax profit of $617.8 million in 2000, up 18 percent on the previous year, but reiterated at the time of its results in March that it expected flat earnings for 2001 and earnings growth to resume in 2002.

Weighing on earnings this year are sales delays of an engine for ground-based power generation and restructuring charges. It plans to cut some 6,000 jobs over the next three years.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1039 sec (10 req/sec)