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We develop and deliver complex power and propulsion solutions.
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Rolls-Royce Half Year results
Rolls-Royce announced Half Year results on Thursday 1 August 2024.
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We are building on our strong foundations and advantaged businesses to create a Rolls-Royce that can unlock its full potential
We are setting out the strategic choices that we have made and providing details of the strategic initiatives that will deliver the step change in financial performance we are targeting. Join us to find out how we are going to do it and what a stronger Rolls-Royce will mean for all our stakeholders.
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“Rolls-Royce is at a pivotal point in its history. After a strong start to our transformation programme, we are today laying out a clear vision for the journey we need to take and the areas where we must focus. We are creating a high performing, competitive, resilient and growing Rolls-Royce that will have the financial strength to control and shape its own destiny. We are confident in our ability to achieve these ambitions and have a clear and granular plan to deliver on our targets. We have made significant progress, with 2023 profit and cash forecast to be materially ahead of 2022.”
Tufan Erginbilgic CEO
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To unlock the full potential of Rolls-Royce, and make us a high performing, competitive, resilient and growing business, we have framed the strategy by being clear on:
Focussing on markets where we have a strategic advantage: submarines, defence aerospace, mobile power systems, business aviation and widebody aircraft, along with key partnerships to strengthen our position and reduce risk.
Detailed divisional plans that will focus on opportunities where key drivers give us competitive advantage: widebody aircraft, business aviation, transport & patrol, combat, submarines, governmental and marine.
Streamlining operations and creating synergies through organisational design, strategic decisions and focused priorities, with clearer lines of sight and accountability.
We are committed to becoming a net zero company by 2050 and supporting our customers to do the same. This will also create new growth opportunities. We will also focus on digital enablement: enhancing the customer experience, accelerating product design, improving manufacturing, and empowering our people with new digital tools.
Find out more about our strategic framework
You can reach our investor relations team at [email protected]
Our CMD event features an immersive exhibition area that combines physical and digital displays and the opportunity to meet some key people from Rolls-Royce who will give further details of the strategic initiatives we are undertaking. All these materials, and more, are available below.
We are a major manufacturer of aero engines for the large commercial aircraft, regional jet and business aviation markets. We power more than 35 types of commercial aircraft and have more than 12,000 engines flying around the world.
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We have advantaged positions in commercial aerospace, global defence and global power generation. At the heart of our enduring strength is the unrivalled commitment, integrity and technical expertise of our people, as well as our focus on safety and maintaining the highest standards.
Rolls-Royce is an enduring and iconic brand which is a byword for quality.
Our global heritage and deep reserves of trust open doors in any market. Rolls-Royce is an enduring and iconic brand which is a byword for quality.
We can deliver whole-engine design and system integration wherever we work.
Rolls-Royce has the unique capability to deliver whole-engine design and system integration, in every sector in which we operate. We apply the latest technology to deliver engineering solutions that meet the most complex, high-stakes challenges for our customers. We can do this across every sector in which work, driving the kind of ‘services thinking’ that makes markets.
Decades of collaboration experience allow us to create highly effective partnerships with customers, suppliers and investors.
Decades of collaboration have given Rolls-Royce relationships and capabilities that allow us to create highly effective partnerships with customers and suppliers. We’re also increasingly using these qualities to create joint ventures with investors. These qualities mean that we can meet our customers’ immediate needs, while continuing long-term innovation to help tackle their broader strategic challenges.
Our whole-system design and integration capability helps us build strong, collaborative relationships.
Our whole-system design and integration capability has helped us build strong, collaborative, win-win relationships, long-term institutional knowledge and embedded expertise. That capability also underpins seamless delivery and service support, and provides the real-time and historic data that enables customers to make the most of their assets.
Brief introductions to our core operating businesses, with outlines of their strengths, key statistics, strategic initiatives and growth opportunities.