LONDON (Reuters) -British aero-engineer Rolls-Royce <RR.L> said it was confident on its full-year forecasts, as airlines lifted flying hours and data centre orders stacked up, helping it perform despite supply chain bottlenecks.
Rolls-Royce, whose engines power Airbus’s widebody planes and some Boeing 787s, reiterated guidance on Thursday for operating profit of between 3.1 billion pounds and 3.2 billion pounds ($4.2-$4.3 billion), a rise of at least 24% on last year.
In its main aerospace business, large engine hours, which help determine revenue, were up 8% in the first ten months of the year compared to last year, and it said it was making progress with improvements to existing engines.
“Strong performance across the group, driven by our actions and strategic initiatives, was in line with our expectations,” CEO Tufan Erginbilgic said in a statement.
“This builds further confidence in our full year 2025 guidance.”
The positive outlook comes despite supply chain disruption across the aerospace industry, which in recent years has been hit by delays and shortages.
In recent months, Rolls-Royce’s outlook has also been boosted by a new order for Typhoon fighter jets from Turkey and for strong demand for the back-up power systems it supplies to data centres.
Shares in Rolls-Royce have more than doubled since the start of the year, giving the group a market capitalisation of 97 billion pounds.
($1 = 0.7451 pounds)
(Reporting by Sarah Young, editing by Paul Sandle and James Davey)
