Rolls Royce reports weak profit in FY24, plans buyback & aims to meet targets in FY25.

From Nasdaq: 2025-02-27 02:56:37

Rolls-Royce Holdings Plc reported weak profit in fiscal 2024 despite increased revenues. For fiscal 2025, the company projects underlying operating profit of 2.7 to 2.9 billion pounds and free cash flow of the same amount. This guidance sees the company deliver Capital Markets Day targets for 2027 two years earlier than planned. A dividend of 6.0 pence per share will be paid on June 16, with a share buyback program to return up to 1 billion pounds to shareholders. Revenue for the period grew to 18.91 billion pounds. Underlying profit before taxation was 2.29 billion pounds.



Read more at Nasdaq: Rolls Royce FY24 Pre-tax Profit Down, Plans GBP 1 Bln Buyback; To Reach Mid-term Targets In FY25