CONTENT PREVIEW
Industry

Rolls-Royce strengthens revenues amidst turbulent times

07 March 2018

Rolls-Royce has posted an increase in revenues in its 2017 results that were reported on 7 March, despite a small decline in its orderbook.

The news came despite a number of challenges for the company, in addition to the commencement of a major restructuring of operations and key personnel.

The overall orderbook for the company declined by 3%, from GBP80.9 billion (USD112.2 billion) to GBP78.5 billion. However, revenues rose 6% to GBP15 billion following a 6% growth in product and 7% growth in services sales. Of these, the company’s civil aerospace business led the way, with a 12% increase in revenues due to deliveries of engines for widebody aircraft, and greater service work on installed engines.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihs.com/contact





(140 of 522 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT