AGM statement
Wednesday, 2 May 2007
Rolls-Royce Group plc is today holding its 2007 Annual General Meeting at the ExCel Centre in London.
Sir John Rose, Chief Executive, presented the Group’s strategy to shareholders and made the following comments on the Group’s development and outlook:
“We continue to make good progress and are well positioned for long-term growth. We are managing the challenges of commodity price inflation and the weakness of the US dollar.
“We expect our strategy to deliver long-term organic growth across all our businesses due to the global nature of our markets. We have good visibility of this growth through our order book and our long-term aftermarket revenues.
“Detailed information on our business prospects for 2007 was communicated as part of our 2006 results, as well as general guidance for 2007. We continue to expect to grow underlying revenues and profits and generate a positive cash flow.
“Current trading is consistent with these expectations.”
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