17.10.2014 - Rolls-Royce forecasts worsens
British сorporation Rolls-Royce has lowered its forecast for sales on the background of the cancellation of a number of orders due to the deteriorating economic situation in the world. The company noted that the reduction in costs offset the negative effect of the fall in revenue, but the company's profit fell by 3%. Revenues in 2014 will decline by 3.5-4.0%. Also due to exchange rate fluctuations the company will lose about 500 million pounds. It is worth noting that most affected were the sales of equipment for power plants, including nuclear power plants in connection with the sanctions against Russia. We recommend selling the shares of the company with the reduction potential by 15-18% by the end of the year.