H1 2015 | H1 2014 (restated^) |
|
---|---|---|
Business Performance – continuing operations+ | ||
Revenue | £365.6m | £377.4m |
Organic change at constant currency | (2)% | (16)% |
Underlying operating profit | £49.3m | £49.5m |
Underlying operating margin | 13.5% | 13.1% |
Underlying profit before tax | £46.0m | £42.9m |
Underlying net cash from operations (post capex) | £57.0m | £58.0m |
Underlying cash conversion ratio | 116% | 117% |
Underlying earnings per share | 6.3p | 5.9p |
Net cash | £205.7m | £120.5m |
Dividend per share | 1.8p | 1.4p |
H1 2015 | H1 2014 (restated^) |
|
---|---|---|
Statutory Reporting | ||
Operating profit from continuing operations | £48.0m | £74.8m |
Profit attributable to shareholders | £32.9m | £62.1m |
Earnings per share including US Services | 5.1p | 9.5p |
Headlines
- Double digit increase in Group order intake with 13% orders growth in EMEA Services
- Landmark contracts secured by ‘Explore’ businesses: Training, UAS Services and OptaSense®
- High cash conversion
- £150m share buyback underway; 40% complete at 14 November 2014
- 29% increase in interim dividend reflecting confidence in financial strength and Organic-Plus strategy
- Despite challenging markets, the Board’s expectations for Group performance in the current financial year are unchanged
Other information
There will be a presentation of the interim results to analysts at 0900 hours UK time on 20 November 2014 at the London Stock Exchange, 10 Paternoster Square, EC4M 7LS. Registration for the webcast is available at: www.QinetiQ.com/investors where the presentation will also be available. An audiocast of the event will be available on the following numbers (confirmation: QinetiQ):
- UK / International: +44 (0)20 3059 8125
- US: +1 855 287 9927
For further information please contact:
Media relations: | QinetiQ press office | +44 (0) 1252 393500 |
Liz Morley, Maitland | +44 (0) 7798 683108 | |
Investor relations: | David Bishop, QinetiQ | +44 (0) 7920 108675 |