Rolls-Royce's Earlier Financial Trading Guidance Verified

Press Release
Sunday, November 11, 2012

Rolls-Royce state that trading is consistent with the guidance for the Group provided at its half-year results in July 2012.

For the full year, the Group continues to expect good growth in underlying revenue and underlying profit, with cash flow around breakeven as we continue to invest in future growth.

Guidance for the business segments remains unchanged except for Marine where, due to the phasing of deliveries, underlying revenue is now expected to be broadly flat.

Guidance excludes the impact of the Tognum acquisition and the sale of the Group’s shareholding in International Aero Engines (IAE).

Since the half-year results in July, Rolls-Royce has achieved some important milestones. They signed a US$2.6 billion dollar contract, at list prices, with Singapore Airlines to power 20 Airbus A350s and 5 Airbus A380s. They agreed an order for the US Navy to power its future fleet of Ship to Shore Connector hovercraft in a programme of up to 73 craft. They opened their first US Defence Operations Centre in Indianapolis, and in Singapore the first Trent engine to be assembled and tested at their new Seletar facility was unveiled by the Duke and Duchess of Cambridge.

The Group’s balance sheet remains strong with good liquidity through cash and debt maturities that are well spread through 2019 and it will report its preliminary results for the financial year ending 31 December 2012 on 14 February 2013.





 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Hoists Ailing Man from Tug

A man believed to be suffering symptoms from a heart attack was medevaced from a tugboat Thursday morning.   A U.S. Coast Guard helicopter crew from Air Station Traverse City, Mich.

Extensive Ship History Source on Tap for Researchers

In celebrating its 80th anniversary this year, the Steamship Historical Society of America (SSHSA) is offering access to its archives with the opening of its Ship History Center in Warwick, R.

Mary Anne Rooney Named APP President

Mary Anne Rooney, Harbor Commissioner at California’s Port of Hueneme, has been named President of the Association of Pacific Ports (APP), a trade and information

Finance

Asia-Europe Box Rates Soar Again

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 29 percent to $763 per 20-foot container (TEU) this week data from

G E Shipping delivers “Jag Aakash” to Buyers

The Great Eastern Shipping Company Ltd. delivered the new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt) to the buyers.  The vessel was contracted for sale in August 2015.

New Energy-saving Windshield on MOL MARVEL

Mitsui O.S.K. Lines, Ltd. today announced that it has started demonstration tests of a new windshield for containerships, which has the potential to reduce wind resistance,

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.4832 sec (2 req/sec)