Rolls-Royce: stock up after annual results

(CercleFinance.com) - The Rolls-Royce stock is up around 3% in London on Friday morning, following the publication of core underlying operating profit that is up by a quarter to 810 million pounds for 2019, for underlying organic sales growth of 6% to almost 15.
3 billion pounds.

"Our restructuring efforts gained momentum, with run-rate cost savings of £269m," said CEO Warren East, who also pointed out record engine deliveries and the sound aftermarket performance.

The British engine manufacturer anticipates underlying operating profit that is up around 15% and free cash flow of at least one billion pounds in 2020, excluding any significant impact of the coronavirus.


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