Rolls-Royce says on track for full-year targets

FILE PHOTO: The logo of Rolls Royce is pictured on an engine of an Airbus A330-800 aircraft after a flight event presentation in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau - Copyright REGIS DUVIGNAU(Reuters)

By Reuters

Published on 02/05/2019 - 08:34•Updated 19/04/2024 - 06:03

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LONDON (Reuters) - British aero-engine maker Rolls-Royce said it remained on track to meet its full-year targets, with cash flow expected to come through in the second half of the year.

The maker of engines for large civil aircraft and military planes said it was also continuing to fix the Trent 1000 engines that have been dogged by problems as engine blades corrode or crack prematurely.

Rolls said the cost of fixing the engines remained in line with earlier guidance. For the full year it remains confident of meeting its underlying operating profit and free cash flow guidance of 700 million pounds, up or down 100 million pounds.

(Reporting by Kate Holton, editing by James Davey)

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