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QinetiQ, the defence, security and aerospace company, announces its interim results for the half year ended 30 September 2017 which saw:

  • Solid operational delivery
  • Order intake broadly in line with prior period which included £109m 11-year, NCSISS contract
  • 8% revenue growth; 3% on an organic basis
  • Underlying operating profit benefited from around £6.5m of non-recurring trading items
  • Cash flow reflects increased strategic capital expenditure and working capital movements
  • 5% increase in interim dividend
  • Strategic progress
    • Delivered a ballistic missile defence exercise for 8 NATO nations led by the US Navy
    • Record orders in Australia including first contract to manage mine warfare facilities
    • Announced a joint venture in UAE building on QinetiQ Target Systems acquisition
    • 26% of revenue generated from outside the UK, up from 21% in the prior period
  • Focus on delivery of FY18
    • Strategy implementation key to driving growth in a rapidly changing trading environment
    • 89% of FY18 revenues under contract
    • Overall we are maintaining expectations for Group performance in FY18

Reports

Annual Report 2017

Annual Report 2016

Annual Report 2015

Annual Report 2014

Archive of Reports

Interim Results

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