09 November 2012
INTERIM MANAGEMENT STATEMENT
Today, Rolls-Royce Holdings plc publishes its Interim Management Statement.
Current trading consistent with guidance
Trading is consistent with the guidance for the Group provided at our half-year
results in July. For the full year, the Group continues to expect good growth
in underlying revenue and underlying profit, with cash flow around breakeven as
we continue to invest in future growth. Guidance for the business segments
remains unchanged except for Marine where, due to the phasing of deliveries,
underlying revenue is now expected to be broadly flat. Guidance excludes the
impact of the Tognum acquisition and the sale of the Group's shareholding in
International Aero Engines (IAE).
The Group's balance sheet remains strong with good liquidity through cash and
debt maturities that are well spread through 2019.
A consistent strategy delivering shareholder value
Since the half-year results in July, Rolls-Royce has achieved some important
milestones. We signed a US$2.6 billion dollar contract, at list prices, with
Singapore Airlines to power 20 Airbus A350s and 5 Airbus A380s. We agreed an
order for the US Navy to power its future fleet of Ship to Shore Connector
hovercraft in a programme of up to 73 craft. We opened our first US Defence
Operations Centre in Indianapolis, and in Singapore the first Trent engine to
be assembled and tested at our new Seletar facility was unveiled by the Duke
and Duchess of Cambridge.
Rolls-Royce continues to invest across the Group in technology, capability and
facilities to deliver on our current commitments, to improve productivity and
to create opportunities for future growth. The Group will report its
preliminary results for the financial year ending 31 December 2012 on 14
For further information, please contact:
Director - Investor Relations
Tel: +44 (0)20 7227 9237
Director of External Communications
Tel: +44 (0)20 7227 9163