1051 GMT - Rolls-Royce has once again released a much better set of results than sell-side expectations, Berenberg analysts write. The 2025 guidance is above-consensus, with operating profit and free cash flow set to grow at a mid-teens level year-on-year, in the bank's view. The previously announced dividend introduction is specified at 6 pence. "The new news today is the introduction of a 1 billion pound share repurchase program and the rolling forward of the medium-term guidance to 2028." The new midterm guidance is comfortably ahead of consensus, it says. Berenberg says the results are good, but it thinks there is greater value elsewhere based on valuation multiples. Shares rise 18.6% to 749 pence. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 05:51 ET (10:51 GMT)
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