Rolls-Royce Issues Another Profit Warning

UK engine maker Rolls-Royce has issued its fourth profit warning in just over a year after forecasting weaker demand would hit its full-year profits.

UK engine maker Rolls-Royce has issued its fourth profit warning in just over a year after forecasting weaker demand would hit its full-year profits.

In a statement released today (November 12), Rolls-Royce said profits would be hit by £650m ($986m) of “headwinds” with weaker demand in selected aerospace markets, including the sluggish regional aircraft engine sector.

The Derby-headquartered OEM has also announced plans to implement a restructuring programme in 2016 aimed at achieving savings of £200m ($303m).

 

TAGS: Europe
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