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

People & Company News

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

San Jacinto College Breaks Ground on New Training Center

San Jacinto College has broken ground along the Port of Houston for its new 45,000-square-foot Maritime Training Center.   At the site of 3700 Old Highway 146 in La Porte,

Finance

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

DSG Marine Asks Shipowners to Consider Fixed Premium P&I Cover

P&I Insurance Seminar for Owners and Charterers held in Mumbai DGS Marine, a global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I Facility,

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.3208 sec (3 req/sec)