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Rolls-Royce raises guidance as profit jumps 46%
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Rolls-Royce soars as results show 'stellar' scale of transformation - UPDATE Proactive uses images sourced from ShutterstockRolls-Royce Holdings PLC (LSE:RR.)
Underlying operating profit increased to £2.5 billion from £1.7 billion a year earlier on revenue up 25% to £11.3 billion.
Civil Aerospace's operating margin increased to 25.3% from 24.9%, helped by improved profitability from long-term service agreements and engine maintenance.
Broker Jefferies said the results represented "a stellar performance", with sales 11% ahead of consensus and operating profit 38% ahead.
The broker noted that new operating profit guidance was 14% above the City consensus at the mid-point, with cash flow 2% above.