Rolls Royce published its FY results with reported figures very different from the underlying ones because of the non-cash impact of the £4.4bn mark-to-market revaluation of derivatives and the £0.7bn charge for financial penalties. Underlying revenues decreased by 2% excluding currency effects, mainly impacted by the Marine activity (-24% vs 2015). The operating margin has been even further impacted and in all activities apart from the nuclear activity. The declining but still po
14 Feb 2017
A fresh start yes, but one that will take time to deliver
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A fresh start yes, but one that will take time to deliver
Rolls-Royce Holdings plc (RR:LON) | 405 4.5 0.3% | Mkt Cap: 34,050m
- Published:
14 Feb 2017 -
Author:
Marc Laubel -
Pages:
3
Rolls Royce published its FY results with reported figures very different from the underlying ones because of the non-cash impact of the £4.4bn mark-to-market revaluation of derivatives and the £0.7bn charge for financial penalties. Underlying revenues decreased by 2% excluding currency effects, mainly impacted by the Marine activity (-24% vs 2015). The operating margin has been even further impacted and in all activities apart from the nuclear activity. The declining but still po