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

People & Company News

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

WKCTC to Host Open House for ILM Institute

West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Finance

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.1487 sec (7 req/sec)