Rolls-Royce Power Systems achieved record 2024 performance, with revenue rising 11% to US$5.56 billion (€5.05 billion), surpassing the US$5.5 billion (€5 billion) mark for the first time. Adjusted operating profit jumped 40% to US$728.2 million (€662 million), boosting return on sales to 13.1% (up from 10.4% in 2023).
CEO Dr. Joerg Stratmann credited the results to a focused strategy in energy, government, marine, battery storage, and services. “We’ve grown our market share in mtu products and see strong future potential,” he said. The division recorded US$6.60 billion (€6 billion) in orders, signaling a positive outlook for 2025.
Key growth areas include backup power systems, up 25% overall and 46% in data centers, as well as government business, which grew 17% due to strong demand in land and maritime sectors.
Profit growth was driven by strong demand in power generation, especially data centers, and is also a result of strict and improved cost efficiency.
Looking ahead, the company is heavily investing in future technologies, including a next-generation mtu 1600 and 2000 Series engines and hydrogen-based solutions. Facility expansions are underway in Mankato, Minnesota (U.S.) and Friedrichshafen (Germany) to support growing global demand. PSR
Natasa Mulahalilovic is Marine Pleasure Boat Analyst-Europe for Power Systems Research
