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QinetiQ, announces its Preliminary results for the year ended 31 March 2019 which saw:

  • Delivered third year of organic growth

  • Orders up 32%, record £3.1bn high-quality backlog1
  • Revenue up 9%, 8% on an organic basis
  • Underlying operating profit up 1% including ~£7m non-recurring trading items (2018: ~£9m), excluding them up 3% on an organic basis, offsetting UK single source profit headwind
  • 102% underlying cash conversion pre-capex
  • Underlying EPS up 2%; 5% increase in full year dividend
  • Driving growth through disciplined execution of strategy
    • Secured £1.3bn amendment to Long Term Partnering Agreement (LTPA) with UK MOD
    • Won five competitive long-term programmes: UK, US & Canada
    • Completed one acquisition and one strategic investment to grow training offering
    • Grown international revenue from 21% to 30% in three years
    • Engaged employees in driving and sharing benefits of growth
  • Priorities for FY20      
    • Operational performance; 74% revenue under contract (2018: 69%)
    • Deliver first year of amended LTPA contract and develop growth opportunities
    • Win further competitions and accelerate growth by pursuing campaigns globally
    • Drive sustainable profitable growth through continued investment
    • Maintaining expectations for Group performance in FY20

Preliminary Results


Annual Report 2018

Annual Report 2017

Annual Report 2016

Annual Report 2015

Annual Report 2014

Archive of Reports

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