Rolls-Royce : Strong beat in FY 2023 with initial effects of costs savings and at least 6% upside on FY 2024 css
>14% beat on operating profit and 27% on Underlying FCF for FY 2023 - Rolls-Royce just released FY 2023 results above expectations on all metrics. Underlying operating profit came out at £ 1,590m (ODDO BHF: £ 1,382m, cons: £ 1,391m) for underlying revenues at £ 15.4bn up 21% l-f-l, showing a margin of 10.3%. The gap with forecasts stems from power (pricing and cost optimisation), defence (cost efficiencies and operating leverage) and to a lesser extent civil aerosp...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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