ROLLS-ROYCE has raised its full-year profit forecast after reporting a 46 per cent rise in first-half operating profit, helped by improved performance in the civil aircraft aftermarket and higher demand in its defence business.<\/p>\n
The British engineering company said it now expects underlying operating profit of \u00a34.7bn to \u00a34.9bn for the full year, compared with its earlier forecast of \u00a34.0bn to \u00a34.2bn.<\/p>\n
The revised outlook was well above analysts’ expectations. Before Thursday’s results, analysts had forecast underlying operating profit of \u00a34.2bn, according to a company-supplied poll.<\/p>\n
Chief executive Tufan Erginbilgic said the company’s transformation programme continued to deliver results, with operational and strategic progress during the first half.<\/p>\n
“In Civil Aerospace, where we continued to improve our aftermarket profitability, we have also effectively eliminated aircraft on ground, providing a significant operational benefit to our customers,” he said.<\/p>\n
“In Defence, we continued to establish our leading position in autonomous propulsion with several key milestones achieved in the period.”<\/p>\n
Erginbilgic added that the company’s power systems business benefited from demand from data centres.<\/p>\n
Higher profitability across all of its divisions helped Rolls-Royce report underlying operating profit of \u00a32.5bn for the first half.<\/p>\n
(With inputs from Reuters)<\/p>\n","protected":false},"excerpt":{"rendered":"ROLLS-ROYCE has raised its full-year profit forecast after reporting a 46 per cent rise in first-half operating profit,…\n","protected":false},"author":2,"featured_media":93769,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20731],"tags":[21129,5356,1815,1238],"class_list":["post-93823","post","type-post","status-publish","format-standard","has-post-thumbnail","category-rolls-royce","tag-civil-aerospace","tag-data-centres","tag-defence","tag-rolls-royce"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117008852977729385","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/93823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=93823"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/93823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/93769"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=93823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=93823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=93823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}