QinetiQ Group plc Audited Preliminary Results for the year ended 31 March 2009

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QinetiQ is an international provider of technology-based services and solutions to the defence, security and related markets. It operates principally in the UK and North America with operations also in Australia.

A year of strong performance

Highlights
  2009  2008  Change %  
Business Performance 
Revenue  £1,617.3m  £1,366.0m  18%  
Underlying operating profit  £155.0m  £127.0m  22%  
Underlying profit before tax  £130.2m  £109.0m  19%  
Underlying earnings per share  15.9p  13.4p  18.7%  
Total dividend per share  4.75p  4.25p  11.8%  
Statutory Results 
Operating Profit  £131.5m  £76.4m  72%  
Profit before Tax  £114.0m  £51.4m  122%  
Basic earnings per share  14.3p  7.2p  99%  

 

  • Organic group revenue growth of 7%;
  • North America now constitutes 47% (2008: 40%) of total Group revenue;
  • Underlying operating margin up to 9.6% (2008: 9.3%);
  • Strong underlying operating cash conversion of 105% (2008: 77%);
  • Group’s position in intelligence and cyber security strengthened with recent acquisitions; and
  • Part sale of Cody Gate Ventures and agreement to dispose of Underwater Systems, to generate £37m of proceeds.

Download the Preliminary Results for the year ended 31st March 2009 [PDF]