Told shareholders today
A day after revealing it would let go of 4,600 staff, Rolls-Royce has now said that it would lead to savings of £400m per year by 2020, sending its shares up by 13 per cent in early trading.
The London-based aerospace giant told shareholders today its new ambitious mid-term goals and said it was well-placed to exceed a target of generating free cash flow of £1bn by 2020.
It also said that it will now focus on measuring “cash flow per share”, which it wants to lift from the current level of 15p to £1 in the mid-term, and “cash flow return on invested capital”, which it aims to raise from 9pc now to 15pc.
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