Rolls-Royce Holdings plc (RYCEY.PK,RR.L) announced that trading since the start of the year is consistent with the earlier provided guidance. For the full year, the Group still expects good growth in underlying revenue and underlying profit with cash flow around breakeven as it continues to invest in future growth.
The forecast excludes the impact of the Tognum acquisition and the proposed sale of the Group's 32.5% shareholding in International Aero Engines. The Group's balance sheet remains strong. Standard & Poor's Ratings Services has raised its long and short term corporate credit ratings to 'A/A-1' from 'A-/A-2', with a stable outlook.
Rolls-Royce continues to invest across the Group in technology, capability and facilities to deliver on its current commitments, to improve productivity and to create opportunities for future growth.
by RTT Staff Writer
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