Rolls-Royce’s Power Systems Profitable Despite 17% Revenue Plunge

Home Community Industry News Rolls-Royce’s Power Systems Profitable Despite 17% Revenue Plunge

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    Greensea Systems
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    Rolls-Royce’s Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6.5% (2019: 11.5%). As a result, Power Systems, with its product and solutions brand mtu, remained in the black during the 2020 pandemic year.

    Power Systems is taking advantage of the crisis to prepare for a shift in its business model towards integrated solutions for drive-power and energy needs in the post-COVID era – with special focus on sustainable, climate-friendly technologies.

    Read more by visiting MarineLink.com

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