Engineering firm Rolls-Royce’s Marine division is continuing to suffer from weak demand.
The segment provides products and services for the offshore oil and gas market.
The lack of demand was highlighted in a trading update released this week.
Reconfirming his outlook comments from the company’s half year results, Warren East, chief executive of Rolls-Royce, said: “We have made steady progress in the second half of the year.
“In Civil Aerospace, we continue to achieve our key targets for customer deliveries while managing in-service issues.
“Defence Aerospace and Power Systems are also performing satisfactorily, although Marine continues to be impacted by weak demand for products and services for the offshore oil and gas market.
“Overall, while we have a good deal left to do in the last two months of the year, our performance for 2017, for revenue, profit and free cash, remains on track.”
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