Rolls Royce reported better than expected FY18 results. Civil Aerospace and Power systems have experienced solid progress. The positive news also came from strong FCF at £641m, above consensus expectations. On the other hand, RR increased its T1000 charges by £236m due to customer disruption costs. RR posted encouraging results but the 2019 outlook is not surprising. We prefer to remain cautious on the stock at this stage.
01 Mar 2019
Good FY18 results, lackluster 2019 outlook
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Good FY18 results, lackluster 2019 outlook
Rolls-Royce Holdings plc (RR:LON) | 428 26.5 1.5% | Mkt Cap: 36,040m
- Published:
01 Mar 2019 -
Author:
Luis Pereira -
Pages:
3
Rolls Royce reported better than expected FY18 results. Civil Aerospace and Power systems have experienced solid progress. The positive news also came from strong FCF at £641m, above consensus expectations. On the other hand, RR increased its T1000 charges by £236m due to customer disruption costs. RR posted encouraging results but the 2019 outlook is not surprising. We prefer to remain cautious on the stock at this stage.