Profit crunch for Rolls-Royce

摘要

Exposure to the crumbling offshore markets has led Rolls-Royce to downgrade its marine profit expectations for 2015 and 2016 by about ￡85 million in both years. "Further deterioration in the offshore market is now expected to impact full year profit for marine," the company said in a statement that also spoke about its aerospace activities. "We now expect our marine underlying profit to be between breakeven and ￡40 million, compared to previous guidance of between ￡90 million and ￡120 million. We are reviewing further cost-reduction and restructuring activities to improve performance, which, including asset impairments, is expected to result in an exceptional charge of ￡70 million to ￡100 million that will be recognised outside underlying profit."