Flight International online news 09:00GMT: Rolls-Royce’s civil aerospace division has turned in half-year sales of £1.73 billion ($3 billion), up nearly 20% on the interim figure last year.
The company is claiming an underlying profit of £200 million in the six months to 30 June, a strong improvement on the 2004 figure of £83 million.
Rolls-Royce attributes this to a continuing cyclic recovery in engine deliveries, strong growth in aftermarket sales, and phased receipts from risk- and revenue-sharing partners.
Over the first half of this year the company delivered 441 civil engines, 15% more than in the same period in 2004.
Civil aftermarket sales rose by 18% and represented 59% of sales in the civil aerospace division.
“In the future it is likely the rate of growth of services revenues will moderate but continue at double-digit levels,” said the company.
Rolls-Royce turned in consolidated revenues of £3.18 billion for the first half – nearly 16% higher than last year – and a group operating profit of £402 million against £164 million in 2004.
Source: Flight International
