Rolls revenue strong thanks to MTU
Rolls-Royce’s Power Systems business unit overcame difficult market conditions in 2019 and again succeeded in growing against the trend to deliver a strong full-year result.
Underlying revenue increased by 4% to £3.55bn (€4.04bn, all € figures are based on fixed exchange rates), coming in above the 4-billion-euro mark for the first time. Underlying operating profit grew by 15% to £357m (€407m), corresponding to an adjusted return on sales of 10.1% (up from 9.2% in 2018). Now generating 23% of overall revenue at British technology group Rolls-Royce, Power Systems remains its second largest business unit.
“What stands out is that we have once again managed to strengthen the position of our MTU-brand products and solutions on a deteriorating market. That gives us a solid basis for further enhancing our profile as a provider of climate- and eco-friendly integrated drive and energy solutions. With them, we’re not only accelerating the energy turnaround, but consistently implementing our PS 2030 vision,” said Andreas Schell, CEO of Rolls-Royce Power Systems.
By Jake Frith
