Passing inflation on down to the consumer.
LONDON, Feb 22 (Reuters) - Britain's Rolls-Royce guided that profit could rise as much as 25% this year, ahead of forecasts, after it smashed targets by more than doubling profits last year as its engines flew more and defence and power orders flowed.
Shares in Rolls-Royce climbed 9% to 359 pence in early trading, hitting highs last seen in 2018.
Under CEO Tufan Erginbilgic, the former BP executive who took over a year ago, Rolls's stock has rocketed over 200% as his transformation plan to cut costs and improve pricing to drive higher margins has made headway.
"We are creating momentum and a track record of significant delivery," he told reporters on a call on Thursday.
LONDON, Feb 22 (Reuters) - Britain's Rolls-Royce guided that profit could rise as much as 25% this year, ahead of forecasts, after it smashed targets by more than doubling profits last year as its engines flew more and defence and power orders flowed.
Shares in Rolls-Royce climbed 9% to 359 pence in early trading, hitting highs last seen in 2018.
Under CEO Tufan Erginbilgic, the former BP executive who took over a year ago, Rolls's stock has rocketed over 200% as his transformation plan to cut costs and improve pricing to drive higher margins has made headway.
"We are creating momentum and a track record of significant delivery," he told reporters on a call on Thursday.