IN BRIEF: Qinetiq to meet full-year expectations; order intake surges
11th Oct 2023 10:10
Qinetiq Group PLC - Farnborough, Hampshire-based defence technology company - On track to deliver full-year expectations following a "strong second quarter" for the year ending March 31. Secures first half order intake of around GBP950 million, up 16% from GBP800 million a year ago. This increases revenue under contract for the full year to 90%. Looking ahead, Qinetiq is on track to deliver "another good year of good organic revenue growth," in line with its full-year forecasts and long-term guidance. Operating profit margin is expected to be at the lower end of the 11% to 12% range, while capital expenditure is expected to remain between GBP90 million and GBP120 million. Read More