Rolls-Royce Confirm 2013 Financial Forecasts

Press Release
Thursday, May 02, 2013

Rolls-Royce state that current trading is in line with expectations, and that their guidance for the full year is confirmed.

Since the preliminary 2012 results in February, Rolls-Royce say they have won a US$1.6bn order from International Airlines Group (IAG) for Trent XWB engines, with long-term TotalCare® service support, to power 18 Airbus A350-1000 aircraft; they have also  signed multiple contracts to provide and service military transport engines for the US Air Force and US Marine Corps; in addition  construction has started on the state-of-the-art Core Manufacturing Facility in Derby that will produce reactor cores for the UK's current and future Submarines Programme.

Tognum update
Engine Holding, the Group’s joint venture with Daimler, acquired the remaining minority shares in Tognum in March and Tognum has subsequently been de-listed. Rolls-Royce will continue to guide Tognum separately for 2013. They expect underlying revenue and underlying profit to be broadly flat in the full year compared to 2012, unchanged from the guidance given by Tognum in March 2013.

Organisational change
Tony Wood has been appointed President - Aerospace and will take up his new role on May 13. He replaces Mark King who has decided to resign from the company at the end of June. Tony, presently President - Marine, has worked for Rolls-Royce for 12 years and has experience in both the Civil Aerospace and Defence Aerospace businesses.

Lawrie Haynes, currently President - Nuclear, is appointed to a new position, President - Marine & Nuclear.

 

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

People & Company News

FMT Options for another Towboat from Eastern

Eastern Shipbuilding Group, Inc. announce that Florida Marine Transporters, Inc. of Mandeville, La. exercised another additional 90’x32’x10’ “Canal Class” Inland

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

Finance

New York, London Juxtaposed by New Maritime Event

On November 13, the newly formed New York Maritime Consortium, a coalition of leaders from New York Maritime Inc. (NYMAR), the Society of Maritime Arbitrators (SMA),

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
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: 0.1354 sec (7 req/sec)