Rolls-Royce Sticks to 2017 Outlook, Excluding Foreign-Exchange Effects
June 16 2017 - 2:53AM
Dow Jones News
By Razak Musah Baba
LONDON--Rolls-Royce Holdings PLC (RR.LN) on Friday kept its
underlying outlook for its half-year and full-year revenue, profit
and free cash flow unchanged.
The aircraft engine maker said in February that 2017 earnings
will only be modestly better than a year earlier, adding that
underlying free cash flow, which was GBP100 million last year,
should be similarly weak in 2017.
The 2017 outlook excludes the foreign-exchange translation
effects on results, it said Friday.
Including foreign-exchange translation effects, it said the
"impact of the average year-over-year movement on the translation
of our overseas subsidiaries results would improve full-year
reported revenues by around 400 million pounds ($521.1 million) and
improve reported profit before tax by around GBP50 million."
Rolls-Royce expects to announce its half-year results on Aug. 1,
the company said.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
June 16, 2017 02:38 ET (06:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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