Edison Expands International Aerospace & Defence Large Cap Presence With Launch of Full Coverage of Rolls-Royce PR Newswire LONDON, May 15, 2013 LONDON, May 15, 2013 /PRNewswire/ -- Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of Rolls-Royce (LSE: RR), a global power systems business with activities across civil aerospace, defence, marine and energy markets. (Logo: http://photos.prnewswire.com/prnh/20130417/608168 ) Edison has recently published a comprehensive report examining the investment merits of Rolls-Royce, focusing on the group's potential to benefit from delivery of its £60bn order book, more than doubling revenues over the next decade. In his report, on the shoulders of giants, Edison's head of Industrials, Roger Johnston, argues that the group is building on its consistent strategy and benefiting from the significant investment in R&D and manufacturing facilities over the past decade to deliver increasing numbers of high-value Trent engines. As a result, Rolls-Royce has the opportunity to deliver significant operational gearing and bottom-line growth. In addition, management focused on ensuring a culture of delivery and on customers (delivering on promises), concentration (where to invest) and cash/cost (improving financial performance) is designed to drive operational margins and cash flow toward best in class across the group over the next decade. Modelling several scenarios by which this strategy could be achieved, Edison values Rolls-Royce between 1,419p/share, a 17% premium to the current share price, and 1,714p/share, a 41% premium to the current share price. For the full report see: http://www.edisoninvestmentresearch.com/research/company/rolls-royce The launch of coverage on Rolls-Royce is part of a programme of research initiations on industrials companies exposed to global market opportunities. Edison provides detailed research coverage on more than 50 industrials and support service companies in Europe, North America and Australia. Its industrials team has a range of coverage across small-, mid- and large-cap companies active in subsectors such as Aerospace & defence, Speciality materials, Alternative energy, Building materials and Industrial support services, allowing a complete understanding of industrial supply chains. All reports published by Edison are available to download free of charge from its website http://www.edisongroup.com . About Edison Investment Research Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Berlin, Sydney and Wellington. Edison is authorised and regulated by the Financial Services Authority ( http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584 ). Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. email@example.com About Rolls-Royce Rolls-Royce is a UK FYSE-100 listed, global power systems company active in the civil aerospace, defence, marine and energy markets. It provides power systems (engines, controls and complex sub-systems) for both original equipment manufacturers (48% of 2012 sales) and aftermarket services (52%). The group employs more than 45,000 people across 50 countries worldwide in engineering and service centres across all divisions. This reach is mirrored by the balanced sales profile across North America (36% of 2012 sales), Europe (31%), Middle East and Asia (18%), China (9%) and RoW (6%). For more information please contact: Roger Johnston Edison Investment Research +44-(0)-20-3077-5722
Edison Expands International Aerospace & Defence Large Cap Presence With Launch of Full Coverage of Rolls-Royce
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