Question: In 2 0 2 2 , Rolls Royce underlying revenue was 1 2 . 7 bn , underlying operating profit increased to 6 5 2
In Rolls Royce underlying revenue was bn underlying operating profit increased to m and it returned to a positive cash flow m They completed our programme of disposals, achieving around bn 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 results were improved year on year, they must do more. They will be bolder with their ambitions in 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.
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