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Rolls-Royce seeking a 'step change' in its mid-term financial performance

Creamer Media Senior Deputy Editor
UK-based global major propulsion and power systems group Rolls-Royce announced on Tuesday, as part of a Capital Markets Day that it is hosting, that it is targeting a major uplift in its performance, over the medium term (that is, until 2027). The intent is to create a business that is (in the order given by the group) high-performing, competitive, resilient and growing. In terms of numbers, the company is seeking, in this timeframe, to achieve an operating profit of between £2.5-billion and £2.8-billion and a free cash flow of £2.8-billion to £3.1-billion. The targeted operating margin is from 13% to 15%, and for the return on capital, from 16% to 18%.

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