Rolls Royce reported solid FY results, coming in above expectations in terms of revenues, profit before tax and EPS. The bottom line has actually been supported by lower R&D costs while the gross margin deteriorated due to an unfavourable mix. The group has also seen its FCF strongly improving compared to last year, though remaining well below underlying profit. The outlook looks rather solid in terms of revenue growth, but still under pressure and uncertain in terms of operating margin.<
07 Mar 2018
Overtaking expectations but still in the heart of reorganisation
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Overtaking expectations but still in the heart of reorganisation
Rolls-Royce Holdings plc (RR:LON) | 427 0 0.0% | Mkt Cap: 35,973m
- Published:
07 Mar 2018 -
Author:
Marc Laubel -
Pages:
3
Rolls Royce reported solid FY results, coming in above expectations in terms of revenues, profit before tax and EPS. The bottom line has actually been supported by lower R&D costs while the gross margin deteriorated due to an unfavourable mix. The group has also seen its FCF strongly improving compared to last year, though remaining well below underlying profit. The outlook looks rather solid in terms of revenue growth, but still under pressure and uncertain in terms of operating margin.<