Solid start for Rolls-Royce Power Systems

Rolls-Royce Power Systems, previously known as engine manufacturer Tognum Group, has announced a stable start to the year with its first half results released on July 31, 2014.

The Power Systems segment reported revenues of €1.473 billion, representing 17% of the total revenues generated by Rolls-Royce.

The order book in the first half stood at €2.6 billion, while return on sales sat at 5.1%.

Rolls-Royce Power Systems AG is made up of the former Tognum Group, including the Norwegian subsidiary Bergen Engines, following its acquisition by Rolls-Royce and Daimler in March 2013. In March 2014, Daimler announced that it intended to sell its 50% shareholding in Rolls-Royce Power Systems to Rolls-Royce. The transfer of the shares is expected to take place this year.