ROLLS-ROYCE HOLDINGS PLC HALF-YEAR 2012 RESULTS
Group Highlights
- Order book of £60.1bn, up four per cent.
- Underlying revenue of £5.8bn, up five per cent.
- Underlying profit before tax of £637m, up seven per cent.
- First half payment to shareholders of 7.6 pence per share, up ten per cent.
- Completion of sale of share holding in International Aero Engines AG (IAE).
- Full year Group guidance confirmed.
| H1 12 | H1 11 | +/- | |
| Order book | £60.1bn | £57.6bn* | +4% |
| Underlying revenue | £5.76bn | £5.46bn | +5% |
| Underlying profit before tax | £637m | £595m | +7% |
| Underlying earnings per share | 26.54p | 23.89p | +11% |
| Interim dividend | 7.6p | 6.9p | +10% |
| Reported revenue | £5.72bn | £5.36bn | +7% |
| Reported profit before financing | £1,280m | £716m | +79% |
| Net cash | £869m | £223m | |
| Average net cash | £(590)m | £780m |
John Rishton, Chief Executive, said:
"Rolls-Royce has delivered solid growth in underlying revenue and underlying profit in the first half of the year.
"We continue to invest to support future growth, including our new production facility in Singapore, a new turbine blade casting plant in the UK,
a new stator facility in the USA and a new assembly plant for our Energy business in Brazil.
"For the full year, we continue to expect good growth in underlying profit with cash flow around breakeven, excluding the positive impact of the Tognum acquisition and the sale of our equity stake in IAE."
