In the context of challenging trading conditions our overall performance for the year was in line with the expectations we set out in July 2015. It was a year of considerable change for Rolls-Royce..."
The Group is organised into five customer‑facing businesses: Civil Aerospace, Defence Aerospace, Power Systems, Marine and Nuclear.
£13,354mUnderlying group revenue
£1,432mUnderlying group profit before tax
£13,354mUnderlying group revenue
£76.4bnOrder book
626Patents applied for
15,690Engineers (year end)
£1,432mUnderlying group profit before tax
£1.2bnInvested on R&D
46Countries
50,500Employees (year average)
Civil Aerospace | 52% | |
Defence Aerospace | 15% | |
Power Systems | 18% | |
Marine | 10% | |
Nuclear | 5% |
The Civil Aerospace business is a major manufacturer of aero engines for the commercial large aircraft and corporate jet markets. We power 35 types of commercial aircraft and have more than 13,000 engines in service around the world.
£6,933m
£812m
* Underlying profit before financing and taxation
OE revenue | 47% | |
Services revenue | 53% |
We are a leading engine maker for the military transport market and the second largest provider of defence aero-engine products and services globally. Defence has 16,000 engines in service with 160 customers in over 100 countries.
£2,035m
£393m
* Underlying profit before financing and taxation
OE revenue | 39% | |
Services revenue | 61% |
Power Systems is a leading provider of high- and medium-speed reciprocating engines, complete propulsion and drive systems, distributed energy solutions and fuel injection systems. The business serves the marine, naval, land defence, rail, mining, oil & gas, construction & agriculture and power generation markets through its core brands MTU, MTU Onsite Energy, Bergen and L’Orange.
£2,385m
£194m
* Underlying profit before financing and taxation
OE revenue | 68% | |
Services revenue | 32% |
Marine is a leading provider of complex and integrated propulsion and handling systems to the maritime offshore, merchant and naval markets. The product offering ranges from individual items of equipment to integrated systems and flexible mission-critical solutions, including complete vessel designs. The business has more than 4,000 customers. Seventy naval forces and over 30,000 commercial vessels use our equipment.
£1,324m
£15m
* Underlying profit before financing and taxation
OE revenue | 58% | |
Services revenue | 42% |
Nuclear is a leader in propulsion system design and development for the Royal Navy’s nuclear submarine fleet and is the sole provider and technical authority, managing all aspects of plant design, safety, manufacture, performance and through-life support.
In civil nuclear we provide nuclear reactor vendors and utility operators with integrated, long-term support services and solutions spanning the whole reactor lifecycle, from concept design through to obsolescence management and plant-life extension. Safety-critical systems have been supplied to around 50% of the global nuclear power plants in service. We have been a key player in the nuclear industry for more than 50 years.
£687m
£70m
* Underlying profit before financing and taxation
OE revenue | 37% | |
Services revenue | 63% |
The Civil Aerospace business is a major manufacturer of aero engines for the commercial large aircraft and corporate jet markets. We power 35 types of commercial aircraft and have more than 13,000 engines in service around the world.
£6,933m
£812m
* Underlying profit before financing and taxation
OE revenue | 47% | |
Services revenue | 53% |
We are a leading engine maker for the military transport market and the second largest provider of defence aero-engine products and services globally. Defence has 16,000 engines in service with 160 customers in over 100 countries.
£2,035m
£393m
* Underlying profit before financing and taxation
OE revenue | 39% | |
Services revenue | 61% |
Power Systems is a leading provider of high- and medium-speed reciprocating engines, complete propulsion and drive systems, distributed energy solutions and fuel injection systems. The business serves the marine, naval, land defence, rail, mining, oil & gas, construction & agriculture and power generation markets through its core brands MTU, MTU Onsite Energy, Bergen and L’Orange.
£2,385m
£194m
* Underlying profit before financing and taxation
OE revenue | 68% | |
Services revenue | 32% |
Marine is a leading provider of complex and integrated propulsion and handling systems to the maritime offshore, merchant and naval markets. The product offering ranges from individual items of equipment to integrated systems and flexible mission-critical solutions, including complete vessel designs. The business has more than 4,000 customers. Seventy naval forces and over 30,000 commercial vessels use our equipment.
£1,324m
£15m
* Underlying profit before financing and taxation
OE revenue | 58% | |
Services revenue | 42% |
Nuclear is a leader in propulsion system design and development for the Royal Navy’s nuclear submarine fleet and is the sole provider and technical authority, managing all aspects of plant design, safety, manufacture, performance and through-life support.
In civil nuclear we provide nuclear reactor vendors and utility operators with integrated, long-term support services and solutions spanning the whole reactor lifecycle, from concept design through to obsolescence management and plant-life extension. Safety-critical systems have been supplied to around 50% of the global nuclear power plants in service. We have been a key player in the nuclear industry for more than 50 years.
£687m
£70m
* Underlying profit before financing and taxation
OE revenue | 37% | |
Services revenue | 63% |
'...to be the market leader in high-performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and sustainable solutions.'
'...focus on differentiated, mission-critical power systems which create high barriers to entry in our chosen markets. Leverage world-leading engineering, operational and customer service excellence to drive growing market shares, capture long-term aftermarket value and deliver profitable growth.'
Investing in and developing the excellence of our engineering to produce high-performance power systems
Transforming our manufacturing and supply chain to embed a lean approach across our facilities and processes
Leveraging our installed base, product knowledge and capabilities to provide outstanding services to customers
'...to be the market leader in high-performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and sustainable solutions.'
'...focus on differentiated, mission-critical power systems which create high barriers to entry in our chosen markets. Leverage world-leading engineering, operational and customer service excellence to drive growing market shares, capture long-term aftermarket value and deliver profitable growth.'
Investing in and developing the excellence of our engineering to produce high-performance power systems
Transforming our manufacturing and supply chain to embed a lean approach across our facilities and processes
Leveraging our installed base, product knowledge and capabilities to provide outstanding services to customers
This Annual Report contains forward-looking statements. Any statements that express forecasts, expectations and projections are not guarantees of future performance and guidance may be updated from time to time. This report is intended to provide information to shareholders, and is not designed to be relied upon by any other party or for any other purpose, and the Company and its Directors accept no liability to any other person other than that required under English law. Latest information will be made available on the Group’s website. By their nature, these statements involve risk and uncertainty, and a number of factors could cause material differences to the actual results or developments.
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