Rolls-Royce’s share price has faced increased pressure dropping from it’s 52 week high of 1061.00 in April to currently 530.20.

Rolls-Royce PLC, the British luxury car and aero-engine manufacturing company today released its interim management statement which noted 2015 guidance was unchanged however profit is to be expected at the lower end of range.

In the businesses interim management statement the company noted trading during Q3 was satisfactory, despite a mixed operating performance in several markets.

Due to developments in aerospace and marine markets the business believes additional headwinds have been created which they expect should be mitigated through positive developments such as cost cutting although Rolls-Royce now expects the headwinds to impact trade further into 2016 than originally expected.

The company said the “negative outlook reflects sharply weaker demand in 2016, including in wide-bodied aftermarket, corporate and regional aerospace markets and offshore marine”.

The trading update comes after Rolls-Royce announced on October 5^th that it would cut an additional 400 staff from its marine business by the end of next year; its latest move to reduce operating costs and ensure the unit becomes more efficient and can cope with a fall in orders generated by the lower oil price.

Rolls-Royce’s Chief Executive Warren East, who took up the role on July 2^nd said:

“While 2015 remains broadly as expected, the outlook for 2016 is very challenging. The speed and magnitude of change in some of our markets, which have historically performed well, has been significant and shows how sensitive parts of our business are to market conditions in the short-term.

“At the same time I remain very confident about the opportunities before us and convinced that our long-term outlook is positive. Our industrial transformation is proceeding well and our core large engine business remains on track to gain significant market share and build a strong, cash generative platform for the future.

“The next few years are going to be important in laying the foundations for our long-term profitable growth. Therefore it is important to ensure we are financially stronger, more resilient to short-term shocks and more flexible to take advantage of growth opportunities. My operating review has already highlighted a number of areas where I believe Rolls-Royce can make fundamental changes to its structure and ways of working that can generate material improvements to the business. Rolls-Royce is already undergoing significant change, but I am convinced these new actions are vital if we are to invest sensibly and grow, well into the next decade and beyond.”