The Ultrafana model on the Rolls-Royce Holdings PLC stands on the second day of Farnborough International Airshow at Farnborough, UK on Tuesday, July 2, 2024.
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The British Air Force Group Rolls-Royce On Thursday, he announced more strongly than the expected year -round earnings after taking a “significant” transformation and proclaimed a purchase of a billion pound (1.27 billion USD).
Rolls-Royce, which produces jet engines for commercial aircraft, together with electricity systems for ships and submarines, upgraded its medium-sized guidelines after defeating the expectations of analysts for 2024. Publishing a 57% increase in annual profits.
The company also returned the shareholder dividend and embarked on a $ 1 billion stock redemption program.
Rolls-Royce sections have grown on the news, for as much as 16% shortly after the opening of the bell at 52 weeks high.
“We are two years in a long -term transformation trip [and] We made significant progress, “she told CNBC Helen McCabe, CFO from Rolls-Royce”Squawk Box Europe“Thursday.
“That’s the highlight of us who follow our promises,” McCabe said, stating an increase in the potential of earnings and improving the balance sheet.
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