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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rolls-royce Holdings Plc | LSE:RR. | London | Ordinary Share | GB00B63H8491 | ORD SHS 20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -6.20 | -1.54% | 396.30 | 396.20 | 396.40 | 398.90 | 392.00 | 398.40 | 8,616,760 | 11:06:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Aircraft Engine,engine Parts | 16.49B | 2.41B | 0.2884 | 13.70 | 33.05B |
From Apr 2019 to Apr 2024
By Adria Calatayud
Rolls-Royce Holdings PLC (RR.LN) said Friday that it will book higher cash costs than initially planned in 2018, as it carries out additional inspections on some versions of Trent 1000 engines.
Still, the British aircraft engine maker reaffirmed its free-cash-flow guidance for the year around 450 million pounds ($639.2 million), as it said it would reprioritize various expenditure items to mitigate incremental costs.
The company said the new inspections would lead to additional disruption to its customers. There are 380 Package C engines--the ones being reviewed--currently in service with airlines, Rolls-Royce said, adding that the issues won't affect its Trent 1000 Package B engines or Trent 1000-TEN engines.
"We will be working closely with Boeing Co. (BA) and affected airlines to minimise disruption wherever possible," Rolls-Royce Chief Executive Warren East said.
Write to Adria Calatayud at adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
April 13, 2018 02:41 ET (06:41 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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