TIDMRR.
3 November 2009
INTERIM MANAGEMENT STATEMENT
Rolls-Royce Group plc, the global power systems company, is today issuing its
Interim Management Statement for the period 1 July to 2 November 2009.
Trading activity across the Group's businesses remains in line with
expectations. The Board continues to expect underlying revenues to grow in
2009, with underlying profits remaining broadly similar to those achieved in
2008. In line with previous guidance, the Board also expects a modest cash
outflow in 2009 and an increase in the average net cash balance.
Sir John Rose, Chief Executive, said:
"Global economic activity remains depressed. Whilst some emerging economies
have shown signs of recovery, there is no evidence yet of a sustained and
general return to growth across the Group's markets.
"Our access to a wide range of global markets, the strength of our balance
sheet and the early action we have taken to reduce costs and improve efficiency
give the Group resilience to manage through the current uncertain environment.
"We have strong positions in markets with long-term growth potential and we
have a record order book, which has been increasing despite some minor
cancellations. We continue to invest despite this general economic downturn to
support the growing demand for our products and services and we have the
financial strength to take advantage of opportunities as they arise".
In July, the Group announced that it would be proceeding with a number of new
operational and research facilities in the UK, Singapore and the USA. These
investments will increase capacity and geographic spread and improve
productivity.
The Group will report its preliminary results for the 12 month period ending 31
December 2009 on 11 February 2010.
For further information please contact:
Mark Alflatt
Director of Financial Communications
Tel: +44 (0)20 7227 9285
mark.alflatt@rolls-royce.com
Nicky Louth-Davies
Director of Corporate Communications
Tel: +44 (0)20 7227 9232
nicky.louth-davies@rolls-royce.com
Web www.rolls-royce.com
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