Roll-Royce Holdings has reported revenue of £16.307bn for the full year 2017, which is an increase of 6% on underlying basis, with civil aerospace service revenues up 12%.  Underlying profit before tax up 25% to £1.071bn, with reported profit before tax of £4.897bn – that figure includes a £2.6bn non-cash profit (2016: £4.4bn loss) from the revaluation of its $38.5bn hedge book as sterling strengthened. The company stated that its free cash flow improvement was driven by improved profits and good working capital management, and that its 2016-17 transformation programme achieved £200m run-rate savings. Civil Aerospace widebody invoiced flying hours

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In