ROGER JOHNSTON | EDISON
Rolls produced another strong set of results, highlighting the benefits of the decade-long strategy, providing consistent results in all economic conditions. With operational progress showing through in financial improvements… we remain confident that Rolls’ strategy will continue to deliver.
BEN BOURNE | LIBERUM
Strong results, as expected. No material change to estimates at this stage but there is headroom. Shares have been strong into results but a 2014 EV/EBIT of nine times is attractive for market leadership in the widebody market, opportunities in Marine and the focus on cash.
MIKE VAN DULKEN | ACCENDO MARKETS
The profits and strong order book shows that the investment strategy is paying off and so long-term holders are probably happy enough to focus on capital appreciation than yield in the medium-term.