RR Web cast Thu 10 Feb at 09:00 Full Year Results for 2010
See URL http://events.ctn.co.uk/ec/Rolls-Royce/939/protect/default.asp?
FT reports yesterday on RR at URL
FT has made heavy weather of the Trent 900 and 1000 engine problems.
In the FT report –
Rather than cash compensation, the RR may offer Qantas discount on future work.
Delays to Boeing’s 787 programme and the related Trent 1000 problems may cost Boeing about £50m. Analysts hope Boeing and RR are accurate on this projection and that the figure will not escalate.
Most RR aero engine sales are now bundled with service agreements under the group’s “power by the hour” contracts. Good future cash flows from these contracts.
By: nJayM - 10th February 2011 at 13:26
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.
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February 8, 2011 at 12:07 pm