The British industrial group Rolls-Royce, specialized in plane engines, “closely monitors” the impact on its activity of the recent increase in customs duties in the initiative of US President Donald Trump, even if he thinks he can currently counteract the effects.
The company takes measures to “compensate for the impact” of these taxes on their activities, but “closely monitors the potential indirect impact on economic growth and inflation, and will continue to take the necessary measures,” he added. Rolls-Royce, which provides engines in Europe Airbus and the American Boeing, had experienced difficulties in recent years before launching a plan to transform and suppress jobs that allowed it to reconnect with profits in 2023.
“Demand is still strong”
“The transformation of Rolls-Royce progresses rapidly”, and the company is today “best armed to respond to changes in the external environment,” says Erginbilgic. The group published in February a 2024 gain in almost 5% for a year, to 2.5 billion pounds (2.9 billion euros) and then had improved its forecasts for the coming years. He claims to have had a good beginning of the year, while “the demand for (SUS) products and services remains strong.” The title of the group in the London Stock Exchange opened around 2.5%on Thursday.
Rolls-Royce is also present in fields such as submarines or the development of small modular nuclear reactors, especially for the United Kingdom or the technology of the Czech Republic, one that will have been at the point for more years. “The CEZ Group, a Czech public operator, made a strategic investment” in March in this Rolls-Royce division, and the group also “presented (its) final offer” as part of a tender in small nuclear reactors in the United Kingdom, he said in his press release on Thursday.
Source: BFM TV
