Rolls-Royce –A British Industrial Icon with World-leading Technologies

Pride is a word so often used in conjunction with Rolls-Royce –the pride our engineers take in the products they develop or the pride all our people take in working for this iconic company. Rolls-Royce is a British industrial icon with a long heritage of innovation, from the Merlin engine all the way through to today’s Trent XWB, which has helped change the world.

I share that sense of pride. It has deepened over the past year as I have had the opportunity to meet many more of our committed and dedicated employees.

Performance In 2022

In my first full year as Chair, we have made some progress towards a stronger financial future, as shown by our results for 2022. This was despite two significant macro events. Firstly, the bounce back from the pandemic led to inflationary and supply chain pressures, as lockdowns ceased and economic activity resumed in many parts of the world, albeit unevenly. Secondly, the Russia-Ukraine conflict exacerbated many of those inflationary pressures. Throughout the year, we continued to focus on operational execution, while actively managing inflation and supply chain challenges through tight cost control and robust long-term contracts with

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