观点罗尔斯-罗伊斯

The anatomy of a corporate turnaround
FT社评:企业转型剖析

Reviving a struggling business requires skill, luck and adaptability
重振一家苦苦挣扎的企业需要技巧、运气和适应能力。

Investors are cashing in on Rolls-Royce’s turnaround story. The British engine makers’ profits more than doubled last year, with Tufan Erginbilgiç taking the helm in January 2023. Dividend payments are set to resume, and its share price is up over 60 per cent this year alone. The former BP executive, who shook up the company’s top teams, reduced duplication and culled middle managers must be pleased with himself. But he also knows how fragile the gains can be. He said Rolls-Royce’s midterm targets are a “milestone, not a destination”.

投资者正从罗罗公司(Rolls-Royce)的经营情况好转中获利。随着图凡•埃尔金比尔吉奇(Tufan Erginbilgiç)于2023年1月上任,这家英国发动机制造商的利润去年增长了一倍多。该公司将恢复派息,其股价仅今年一年就上涨逾60%。这位前英国石油(BP)高管改组了该公司的高层团队,减少了重复工作,并裁减了中层管理人员,他一定对自己非常满意。但他也知道这些成果有多么脆弱。他表示,罗罗的中期目标是一个“里程碑,而不是终点。”

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