Rolls-Royce announced that its financial performance at the beginning of 2022 was in line with the estimates, while maintaining the estimates for the whole year, despite the macroeconomic uncertainties.
The British group said that the flight hours of the big engines increased by 42% on an annual basis for the first four months, and that the orders in the energy systems department were very strong in all activities.
He also stressed that he is working to reduce the impact of disruptions in the supply chain.
Rolls-Royce Holdings says its defense unit is not directly exposed to geopolitical developments and that its strong unfulfilled balance of payments gives it confidence in profits, revenue and fundraising, despite inflation and supply chain risks. .
The company stressed that it is optimistic that it has been placed in the right position to achieve positive profits and cash in 2022, mainly through cost reduction, and strong performance in energy and defense systems.
“As a result of our actions, they have made significant progress on our path to recovery from the impact of the coronavirus, and we are emerging as a more balanced and resilient business with a sustainable future, focusing on the long-term business opportunities provided by the global energy transition.” said the CEO.
Source: Capital
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