Rolls Royce reduces its 2015 final dividend by 50%

DividendMax Ltd.

Rolls Royce reduces its 2015 final dividend by 50%

Key financials

Underlying revenue £13.4bn (FY 2014: £13.9bn), down 1% at constant exchange rates

Underlying profit before tax £1,432m (FY 2014: £1,620m), down 12% at constant exchange rates

o £1,355m before one-off items (see page 4) in line with lower half of 2015 guidance range

Restructuring programmes started prior to November 2015 continue to make good progress:

o £145m of annualised cost savings expected by end 2017

Final payment to shareholders reduced by 50% to 7.1 pence per share (2014 final: 14.1 pence)

Trading outlook for 2016 unchanged

4% growth in order book underpins confidence in strong market share growth for Civil Aerospace

Companies mentioned