Rolls-Royce's Power Systems Profitable Despite 17% Revenue Plunge
Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year.Power Systems is taking advantage of the crisis to prepare for a shift in its business model…
Tognum Opens MTU Material Management Center
Tognum CTO Dr. Ulrich Dohle opened the facility situated in the Friedrichshafen district of Kluftern near Lake Constance. Over the next few months, the MMC will be entirely responsible for supplying parts to Friedrichshafen manufacturing plants and will later extend its activities to take in other production facilities in the international network. Tognum, a provider of propulsion and power solutions, and its new partner Stute Logistics, the Kühne + Nagel subsidiary that is operating the warehouse, together invested around 50 million euros in the ultra-modern Materials Management Center.
