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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce    RR.   GB00B63H8491

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Rolls-Royce buoyed by demand for fuel-efficient jets

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05/04/2012 | 08:36am CEST

LONDON (Reuters) - British aero enginemaker Rolls-Royce (>> Rolls-Royce Holding PLC) said it was on course to deliver strong growth in 2012 profit as it continues to benefit from airlines' need for more fuel-efficient planes.

LONDON (Reuters) - British aero enginemaker Rolls-Royce (>> Rolls-Royce Holding PLC) said it was on course to deliver strong growth in 2012 profit as it continues to benefit from airlines' need for more fuel-efficient planes.

Rolls, the world's second-largest maker of aircraft engines behind U.S. group General Electric (>> General Electric Company), said on Friday it had made a good start to the year and reiterated guidance that its civil aerospace unit would deliver strong growth in underlying profit.

"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," Rolls, which makes engines for planemakers Airbus (>> EADS) and Boeing (>> The Boeing Company), said in a statement.

Analysts forecast that 20,000 narrowbody planes will be produced in the next 20 years.

A new joint venture between Rolls and U.S. rival Pratt & Whitney (>> United Technologies Corporation) to develop the next generation of engines for the mid-sized narrowbody aircraft market is expected to be officially formed this year.

The company, whose website says a Rolls-Royce powered aircraft takes off or lands every 2.5 seconds, said its new Trent XWB engine took to the skies on board an Airbus (>> EADS) A380 flying test bed during the quarter.

It also opened a new facility in Singapore which will produce fan blades and assemble and test large commercial jet engines.

Shares in Rolls-Royce, which have risen 16 percent in 2012, closed at 859 pence on Thursday, valuing the company at around 16 billion pounds ($26 billion).

(Reporting by Rhys Jones; editing by Adveith Nair)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.06% 99.01 Real-time Quote.21.28%
BOEING COMPANY (THE) 1.18% 359.21 Delayed Quote.21.80%
GENERAL ELECTRIC COMPANY -7.26% 14.18 Delayed Quote.-12.55%
ROLLS-ROYCE 0.49% 856 Delayed Quote.2.13%
UNITED TECHNOLOGIES CORPORATION -0.23% 127.58 Delayed Quote.0.38%
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Financials ( GBP)
Sales 2018 14 995 M
EBIT 2018 637 M
Net income 2018 -416 M
Debt 2018 472 M
Yield 2018 1,56%
P/E ratio 2018 45,85
P/E ratio 2019 28,74
EV / Sales 2018 1,09x
EV / Sales 2019 1,04x
Capitalization 15 842 M
Chart ROLLS-ROYCE
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Rolls-Royce Technical Analysis Chart | RR. | GB00B63H8491 | 4-Traders
Technical analysis trends ROLLS-ROYCE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 8,80  GBP
Spread / Average Target 3,4%
EPS Revisions
Managers
NameTitle
David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Simon Neil Kirby Chief Operating Officer
Stephen W. Daintith Chief Financial Officer & Director
Paul Stein Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ROLLS-ROYCE2.13%21 168
UNITED TECHNOLOGIES CORPORATION0.38%102 072
LOCKHEED MARTIN CORPORATION1.01%92 888
AIRBUS SE21.28%89 887
GENERAL DYNAMICS1.14%61 058
RAYTHEON13.89%60 650