From Investing.com: 2025-02-27 03:15:41

Rolls-Royce, a UK engineering company, has raised its profit expectations following a stronger than anticipated performance in 2024. The company reported a 5% increase in revenue, driven by growth in its civil aerospace business. Rolls-Royce now expects to exceed previous forecasts for profit and free cash flow in 2024.

The upgrade in forecasts comes as Rolls-Royce continues to recover from the impact of the COVID-19 pandemic on the aviation industry. The company’s civil aerospace business saw an increase in aftermarket revenues, while its defense business also performed well. Rolls-Royce is optimistic about its future prospects as it focuses on sustainability and innovation.

Despite the positive outlook, Rolls-Royce faces challenges such as supply chain disruptions and geopolitical tensions. The company is working to address these issues and maintain its momentum in the coming years. Rolls-Royce’s CEO expressed confidence in the company’s ability to navigate these challenges and deliver value to its customers and shareholders.

Investors reacted positively to the news, with Rolls-Royce’s shares rising by 3.5% following the announcement. The company’s stock has been on an upward trend in recent months, reflecting growing confidence in its recovery and future growth prospects. Analysts are optimistic about Rolls-Royce’s performance and expect further gains in the coming quarters.



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