Rolls-Royce trims sales outlook
It expects bumpier ride given difficult economic situation and Russian trade sanctions
Toulouse, France
ROLLS-ROYCE Holdings plc cut its sales outlook for the full year, saying revenue will fall rather than stay unchanged as customers delay orders and Russian trade sanctions bite.
Sales will drop between 3.5 and 4 per cent and free cash flow for the full year will be around £350 million (S$718 million), compared to previous guidance of about £780 million, Rolls- Royce said in a statement on Friday. The new guidance excludes adverse foreign exchange translation of £500 million, as previously predicted, it said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand