Operating Profit Plummeted in 2016, but Order Growth in Civil Aerospace; Shares Fairly Valued
Narrow-moat Rolls-Royce reported rough 2016 results, primarily driven by weakness in the civil aerospace and marine operating segments. In line with our expectations, underlying revenue declined 2% to GBP 13.8 billion (up 9% on a reported basis) versus the prior period, resulting in operating margin contraction of 480 basis points to 6.6% in 2016. In the face of cost-cutting measures to offset lower pricing and volumes in high-margin Trent 700, reductions in its legacy civil large engine afterma...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.