The actual results have beaten Analysts forecasts …
The actual results have beaten Analysts forecasts
http://www.bbc.co.uk/news/business-12415671
“Rolls Royce, has reported a 4% rise in profits, beating analysts expectations.”
It also raised its dividend.
Retiring CEO Sir John Rose said the bulk of provisions for compensation to Qantas following disruptions to A380 services late last year was included in the 2010 results.
It is estimated that figure could be as high as £50m but some analysts reckon it could go higher, particularly if Airbus gets into the action (this is a ponderable but unlikely – because Airbus too goes through the peaks and troughs of R&D and Quality issues like RR – moreso in an economic recession). “
I watched the Webcast and have downloaded the .pdfs which look good at first glance.
See URL http://www.rolls-royce.com/investors/financial_reporting/financial_results.jsp
2011 figures will improve if the Trent 900 and Trent 1000 (Dreamliner power) have had all the current known ‘gremlins’ resolved.