Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holdings plc    RR.   GB00B63H8491

ROLLS-ROYCE HOLDINGS PLC

(RR.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Rolls Royce : plans to raise up to 2.5 billion pounds as COVID-19 bites

share with twitter share with LinkedIn share with facebook
09/19/2020 | 02:47pm EDT
FILE PHOTO: A man looks at Rolls Royce's Trent Engine displayed at the Singapore Airshow in Singapore

Britain's Rolls-Royce Holdings Plc said on Saturday it was looking to raise up to 2.5 billion pounds ($3.2 billion) in an effort to strengthen its balance sheet.

The aero-engine maker said it was considering a variety of options, including a rights issue. Debt and equity issuances are other options being considered, it added.

"We continue to review all funding options to enhance balance sheet resilience and strength," its statement said .

A Financial Times report said the company was in talks with sovereign wealth funds, including Singapore's GIC, as part of its efforts to raise funds.

An equity raise will be launched in the first weeks of October, the report added.

GIC did not immediately respond to a Reuters request for comment. Rolls-Royce declined to comment beyond its statement.

The Derby-based company has been reviewing funding options for the past few months, after suffering a blow from travel restrictions linked to the COVID-19 pandemic.

It reduced at least 9,000 jobs in May, mainly in civil aviation, due to the slump in air travel and revealed its plans to sell Spanish unit ITP Aero and other assets, last month.

In July, the group said it expected a 1-billion-pound outflow in the second half of the year after burning through 3 billion pounds in the first half.

By Maria Ponnezhath


share with twitter share with LinkedIn share with facebook
All news about ROLLS-ROYCE HOLDINGS PLC
10/19ROLLS-ROYCE : Gets a Sell rating from Credit Suisse
MD
10/17Budget airline AirAsia X out of money, needs $120 million for restart - repor..
RE
10/16ROLLS ROYCE : prices GBP2 billion-equivalent senior notes offering
AQ
10/15ROLLS ROYCE : Team Tempest
PU
10/15UK's Tempest fighter jet project could support 20,000 jobs, says BAE Systems
RE
10/15ROLLS ROYCE : prices £2 billion equivalent bond to boost finances
RE
10/15ROLLS ROYCE : prices £2 billion-equivalent senior notes offering
PU
10/14Rolls-Royce to issue bonds worth two billion pounds to shore up balance sheet..
RE
10/09EUROPE : European stocks rack up second week of gains, Pandora leaps
RE
10/09ROLLS-ROYCE : Berenberg remains its Buy rating
MD
More news
Financials
Sales 2020 10 995 M 14 252 M 14 252 M
Net income 2020 -2 264 M -2 934 M -2 934 M
Net Debt 2020 4 809 M 6 233 M 6 233 M
P/E ratio 2020 -1,92x
Yield 2020 -
Capitalization 4 355 M 5 644 M 5 645 M
EV / Sales 2020 0,83x
EV / Sales 2021 0,86x
Nbr of Employees 51 700
Free-Float 99,4%
Chart ROLLS-ROYCE HOLDINGS PLC
Duration : Period :
Rolls-Royce Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROLLS-ROYCE HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 199,64 GBX
Last Close Price 227,00 GBX
Spread / Highest target 148%
Spread / Average Target -12,1%
Spread / Lowest Target -75,8%
EPS Revisions
Managers
NameTitle
David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Stephen Wayne Daintith Chief Financial Officer & Executive Director
Paul Stein Chief Technology Officer
Lewis William Killcross Booth Independent Non-Executive Director
Sector and Competitors