04 May 2012
INTERIM MANAGEMENT STATEMENT
Today, Rolls-Royce Holdings plc publishes an Interim Management Statement.
Current trading consistent with guidance
Trading since the start of the year is consistent with the guidance provided in
our Full Year Report in February. For the full year, the Group continues to
expect good growth in underlying revenue and underlying profit with cash flow
around breakeven as we continue to invest in future growth. Guidance excludes
the impact of the Tognum acquisition and the proposed sale of the Group's 32.5%
shareholding in International Aero Engines (IAE).
The Group's balance sheet remains strong. Recognising this, Standard & Poor's
Ratings Services has raised its long and short term corporate credit ratings to
`A/A-1' from `A-/A-2', with a stable outlook.
A consistent strategy delivering shareholder value
Since announcing preliminary results in February, Rolls-Royce has achieved some
important milestones. The Trent XWB engine took to the skies for the first
time, on board an Airbus A380 flying test bed. In Singapore, we opened our new
manufacturing and training facilities that will produce wide chord fan blades
and assemble and test large commercial jet engines.
Rolls-Royce continues to invest across the Group in technology, capability and
facilities to deliver on our current commitments, to improve productivity and
to create opportunities for future growth.
The Group will report its interim results for the six month period ending 30
June 2012 on 26 July 2012.
For further information, please contact:
Simon Goodson
Director – Investor Relations
Tel: +44 (0)20 7227 9237
Simon.goodson@rolls-royce.com
Rolls-Royce Press Office
Tel: +44 (0)20 7227 9070
www.Rolls-Royce.com
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