Question: In 2 0 2 2 , Rolls Royce underlying revenue was 1 2 . 7 bn , underlying operating profit increased to 6 5 2

In 2022, Rolls Royce underlying revenue was 12.7bn, underlying operating profit increased to 652m and it returned to a positive cash flow 504m. They completed our programme of disposals, achieving around 2bn in total proceeds, which they used to repay debt. Strengthening their balance sheet is a priority and they remain committed to achieving an investment grade rating in the medium term through performance improvement. Although their 2022 results were improved year on year, they must do more. They will be bolder with their ambitions in 2023 and beyond as they deliver sustainable value to their stakeholders. Demand for Rolls Royce products and services continued to meaningfully improve, with a record year for order intake in Power Systems, accompanied by continued recovery in Civil Aerospace flying hours and progress in Defence, underpinned by key contract wins.
I need summarize of this

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!