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Rolls-Royce flying as travel and defence spending soars
Daily Express
|February 28, 2025
ROLLS-Royce raced ahead of market expectations on full-year profit off the back of booming travel demand and increased defence spending.
It reported an underlying profit of £2.5billion, well ahead of the £2.1bn to £2.3bn forecast.
Revenue of £17.8bn also beat analysts' consensus of around £17.3bn.
Rolls-Royce reinstated dividends for the first time since the pandemic and unveiled a £1bn share buyback.
Chief executive Tufan Erginbilgic, who engineered the remarkable turnaround in his first two years, said: "We are moving with pace and intensity." Yesterday the FTSE 100 engineering giant proposed a 6p per share dividend for investors.
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