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Rolls-Royce revenue down

Christian Fernsby ▼ | August 27, 2020
Rolls-Royce Holdings reported first half group financial summary.
Rolls-Royce   Underlying operating loss is £(1.7)bn
Underlying revenue of £5.6bn, down 24%, and reported revenue of £5.8bn, down 26%.

Topics: Rolls-Royce

Underlying operating loss is £(1.7)bn.

Reported operating loss of £(1.8)bn included £(1.1)bn impact from impairments and write offs and £(366)m restructuring charges partly offset by a £498m exceptional credit on the Trent 1000 programme, driven by coronavirus.

Free cash outflow of £(2.8)bn; 47% lower large engine flying hours and significant working capital outflows including £1.1bn negative impact from our choice to cease invoice discounting.