QinetiQ Group plc Pre Close Trading Update
Ahead of QinetiQ entering its closed period for the half year ending 30 September 2015, we will be holding our customary pre-close meetings with analysts today. No new material information will be disclosed in these meetings.
The Board is maintaining its expectations for Group performance this financial year.
In the UK, the Government’s Strategic Defence and Security Review (SDSR), and public consultation on the proposed approach to calculating the baseline profit rate for single source contracts, are both underway.
The EMEA Services division continues to see some customer contract award decisions deferred due to uncertainties in the UK market or delayed by requirements for additional approvals. However, revenue under contract for this financial year is as expected at this stage.
As anticipated, the Group's Global Products division continues to trade at similar levels to the prior year.
QinetiQ's interim results for the half year ending 30 September 2015 will be announced on 19 November 2015.
Notes for Editors:
- A FTSE250 company, QinetiQ uses its world class knowledge, research and innovation to provide high-end technical expertise and advice, to customers in the global aerospace, defence and security markets. QinetiQ's unique position enables it to be a trusted partner to government organisations, predominantly in the UK and the US, including defence departments as well as other international customers in targeted sectors.
For further information please contact:
|Investor Relations:||David Bishop, QinetiQ||+44 (0) 7920 108675|
|Media Relations:||QinetiQ Press Office||+44 (0) 1252 393500|
|Rebecca Mitchell, Maitland||+44 (0) 207 379 5151|