Rolls Royce delivered surprisingly high profits in its H1 results. Though revenues are in decline and below consensus, the cost-cutting efforts implemented in FY20 are paying off, with positive operating profits whereas the market was expecting slightly negative ones. It reiterated its confidence in the mid-term recovery of its civil aviation business with tangible targets.
05 Aug 2021
Q2 21: impressive cost cutting
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Q2 21: impressive cost cutting
Rolls-Royce Holdings plc (RR:LON) | 425 13.6 0.8% | Mkt Cap: 35,792m
- Published:
05 Aug 2021 -
Author:
Romain Pierredon -
Pages:
3
Rolls Royce delivered surprisingly high profits in its H1 results. Though revenues are in decline and below consensus, the cost-cutting efforts implemented in FY20 are paying off, with positive operating profits whereas the market was expecting slightly negative ones. It reiterated its confidence in the mid-term recovery of its civil aviation business with tangible targets.