Rolls-Royce : Engine still has thrust to deliver! TP lifted to 605p
>H1 2024 underpins credibility of plans underway - We are raising our EPS by 18%/12%/10%/10% respectively for FY 2024/FY 2025/ FY 2026/FY 2027, without making any additional bets on the famous total cash costs/gross margin (TCC/GM) ratio, which we see falling from 0.48x in FY 2024 to 0.45x in FY 2027. In H1 2024, despite slightly slower-than-expected growth in engine flight hours (EFH), RR was able to improve its gross margin by 236bp and increase the proportion of R&...Rolls Royce Holdings is an engineering company. Co. is organised into five businesses: civil aerospace, which develops, manufactures, markets and sells commercial aero engines and aftermarket services; defense aerospace, which develops, manufactures, markets and sells military aero engines and aftermarket services; power systems, which develops, manufactures, markets and sells reciprocating engines and power systems; marine, which is develops, manufactures, markets and sells marine-power propulsion systems and aftermarket services; and nuclear, which develops, manufactures, markets and sells nuclear systems for civil power generation and naval propulsion systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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