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 Today

The Maritime Industry's original and most viewed E-News Service

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

People & Company News

Maersk Venturer to Drill for Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration

Shipping Industry Supports Global Climate Change Deal

The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change.

DNV GL Approval for DSIC's LNG-fuelled VLCC Design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude


MacArtney, Moog Focal in Expansion Mode

Moog Focal Technologies Corporation and the MacArtney Group have agreed to intensify their multi-service partnership aiming at expanding their long-term business

GOST Debuts New Technology at Workboat

GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems,

USN Issues Full Funding for LCS "Cooperstown"

As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM),

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1532 sec (7 req/sec)