Rolls-Royce beats estimates on revenue, but profitability missed expectations. In terms of guidance, the prospects are a tad gloomier than previously thought, resulting in a lower FCF expectation against the consensus for 2021. However, cash generation should improve materially by 2022 as the recovery along with restructuring actions pay off.

11 Mar 2021
FY20: results broadly in line and slow recovery in sight

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FY20: results broadly in line and slow recovery in sight
Rolls-Royce Holdings plc (RR:LON) | 987 124.3 1.3% | Mkt Cap: 83,394m
- Published:
11 Mar 2021 -
Author:
Hugo Paternoster -
Pages:
3 -
Rolls-Royce beats estimates on revenue, but profitability missed expectations. In terms of guidance, the prospects are a tad gloomier than previously thought, resulting in a lower FCF expectation against the consensus for 2021. However, cash generation should improve materially by 2022 as the recovery along with restructuring actions pay off.