Rolls-Royce: “It’s a very exciting time”
July 24, 2014 1:56 pmVideo
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Simon Goodson, the Director of Investor Relations at Rolls-Royce, has a positive outlook for the company’s future; despite Emirates’s recent decision to pull out of an order of 70 Airbus A-350 aircraft, which led to a 3% shrinkage in company’s order book. In fact, Mr. Goodson labelled these events as a “bump in the road”, iterating his confidence in the A-350 aircraft programme. Regarding Rolls-Royce’s decision to sell its industrial gas turbines to Siemens, he justified the decision by stating that it had “struggled” to make ends meet in the energy market, thus the sale of the turbines provided it with the opportunity to reinvest these finances “in other areas of the group where we think we can add more value.” Similarly, the £1billion share buy-back programme was buttressed by the reasoning that it was the most efficient way to “return… capital to shareholders”. And whilst discussing Rolls-Royce’s joint venture into the nuclear market in China, he appeared to indicate that it would act as a catalyst for greater involvement in this marketplace worldwide. Taking these factors into account, along with the company’s ability to deal with the current strength of the pound, Goodson concludes that these remain “exciting” times at Rolls-Royce.
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