By Carlo Martuscelli


Rolls-Royce Holdings PLC (RR.LN) backed its full-year outlook on Tuesday as it reported a narrowed pretax loss for the first half of 2019.

The company reiterated its underlying operating profit and free cash flow guidance of 700 million pounds ($850.3 million) plus or minus GBP100 million in 2019. It forecast a minimum of GBP1 billion in free cash flow in 2020.

The company posted a loss before tax of GBP791 million, compared with a loss of GBP1.23 billion in the year-before period, on revenue that rose 5.3% to GBP7.88 billion.

Operating profit on an underlying basis for the period increased by GBP48 million to GBP203 million, the FTSE 100-listed company said. It benefited from a narrowed loss in the civil aerospace unit, as well as growth in its power systems and defense businesses.

Rolls-Royce said that it was making good progress on its troubled Trent 1000 engine, although some customer disruption remained.


Write to Carlo Martuscelli at


(END) Dow Jones Newswires

August 06, 2019 02:37 ET (06:37 GMT)

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