Rolls-Royce Holdings (RR.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

444.80p
   
  • Change Today:
      4.40p
  • 52 Week High: 445.30
  • 52 Week Low: 143.30
  • Currency: UK Pounds
  • Shares Issued: 8,417m
  • Volume: 25,762,271
  • Market Cap: £37,438m
  • RiskGrade: 377

Rolls-Royce full-year profits more than double

By Michele Maatouk

Date: Thursday 22 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Rolls-Royce reported a more than doubling of its full-year profits on Thursday, underpinned by its civil aerospace segment.
Full-year 2023 underlying operating profit came in at £1.6bn, up from £652m a year earlier, with revenues rising to £15.4bn from £12.7bn. Analysts were expecting operating profit of £1.4bn.

Underlying operating profit in the civil aerospace business surged 497% to £850m.

Return on capital more than doubled to 11.3%, "reflecting improved operating profit, disciplined capital allocation and working capital management," it said. Rolls-Royce also hailed record free cash flow of £1.3bn, up from £505m.

For 2024, the company expects underlying operating profit of £1.7bn to £2bn and free cash flow of £1.7bn to £1.9bn.

Chief executive Tufan Erginbilgic said: "Our transformation has delivered a record performance in 2023, driven by commercial optimisation, cost efficiencies and progress on our strategic initiatives. This step-change has been achieved across all our divisions, despite a volatile environment with geopolitical uncertainty, supply chain challenges and inflationary pressures.

"We are managing the business differently and our significant performance improvement in the year reflects the hard work and focused actions of all our teams. We are also continuing to invest to drive future sustainable growth. Our strong delivery in 2023 gives us confidence in our 2024 guidance and is a significant step towards our mid-term targets. We are unlocking our full potential as a high-performing, competitive, resilient, and growing Rolls-Royce."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rolls Royce Market Data

Currency UK Pounds
Share Price 444.80p
Change Today 4.40p
% Change 1.00 %
52 Week High 445.30
52 Week Low 143.30
Volume 25,762,271
Shares Issued 8,417m
Market Cap £37,438m
RiskGrade 377

Rolls Royce Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.83% below the market average96.83% below the market average96.83% below the market average96.83% below the market average96.83% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
99.42% above the market average99.42% above the market average99.42% above the market average99.42% above the market average99.42% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
93.21% below the market average93.21% below the market average93.21% below the market average93.21% below the market average93.21% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
74.98% above the market average74.98% above the market average74.98% above the market average74.98% above the market average74.98% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 0
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rolls Royce Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Oct-19 25-Apr-19
Paid 03-Jan-20 01-Jul-19
Amount 4.60p 7.10p

Trades for 24-May-2024

Time Volume / Share Price
18:28 7,100 @ 440.91p
16:43 3,000 @ 444.80p
16:38 1,278 @ 444.80p
16:38 1,278 @ 444.80p
16:38 2,555 @ 444.80p

Rolls Royce Key Personnel

Chair Anita Frew
CEO Tufan Erginbilgic

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