Rolls-Royce Projects Strong Profits Amid Supply Chain Challenges
- Rolls-Royce faces challenging supply chain conditions but reports strong sales performance.
- The civil aerospace division experienced an 18% increase in flying hours in the last ten months.
- Despite supply chain difficulties, Rolls-Royce remains confident in achieving its financial forecasts.
Rolls-Royce has reported that supply chain conditions remain difficult, yet sales trajectories are on target amid its ongoing transformation initiatives as of November 2024. The company observed an 18% increase in flying hours in their civil aerospace division over the past ten months compared to the previous year. Progress and demand in the defense sector were also highlighted as being significant. Despite persistent challenges within the aerospace supply chain, Rolls-Royce has executed interventions with various suppliers that have positively impacted performance. Chief Executive Tufan Erginbilgic stated that their ongoing efforts have raised confidence in meeting financial forecasts and mid-term targets for profit and cash flow improvements.