Results Centre

 

QinetiQ, announces its Interim results for the half year ended 30 September 2018 which saw:

  • Delivered organic growth in orders and revenue, operating profit in line with expectations

  • 9% organic increase in orders
  • 8% organic increase in revenue driven by growth in both EMEA Services and Global Products
  • Stable underlying operating profit; prior period included £6.5m of non-recurring trading items, current period margin impacted by Global Products’ phasing
  • Strong cash performance with 100% underlying cash conversion pre-capex
  • Interim dividend is 1/3 of prior year total dividend reflecting previously announced methodology
  • Driving growth through competitive campaign wins
    • Won Engineering Delivery Partner; all engineering services for UK MOD’s procurement agency
    • Won battlefield communications programme worth up to £95m, our largest competitive win
    • Won our first US robotics Program of Record worth up to $44m for route clearance systems
    • Acquisition of EIS Aircraft Operations and 85% of Inzpire; enhancing operational training offer
    • Grown international share of revenue from 26% to 31% over the last year
  • Priorities for the remainder of the year      
    • Conclude Long Term Partnering Agreement (LTPA) negotiations with UK MOD
    • Win further campaigns and continue investment to drive sustainable profitable growth
    • 90% of FY19 revenue under contract, maintaining expectations for Group performance

Interim Results

Reports

Annual Report 2018

Annual Report 2017

Annual Report 2016

Annual Report 2015

Annual Report 2014

Archive of Reports

Preliminary Results

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