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Rolls-Royce reports strong 2023 financial results
February 23rd 2024
Engine manufacturer, Rolls-Royce Holdings Plc., has booked a full-year 2023 underlying operating profit of £1.6 billion (US$2 billion) and recorded an underlying margin improvement of 10.3%. Read More » Rolls-Royce added its return on capital had more than doubled, to 11.3%. “Our transformation has delivered a record performance in 2023, driven by commercial optimization, cost efficiencies and progress on our strategic initiatives. This step-change has been achieved across all divisions, despite a volatile environment of geopolitical uncertainty, supply chain challenges and inflationary pressures,” Rolls-Royce CEO, Tufan Erginbilgic, said.
