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Trading statements

QinetiQ's outlook for FY unchanged

15 February 2017 09:15

QinetiQ said that, overall, directors' expectations for group performance in the current financial year remain unchanged from those set out in November last year.

It said underlying trading was as expected during Q3, in an update for the the three-month period.

In EMEA Services, revenue under contract for this financial year was similar to the same time last year with resilient margins, it said.

"As stated previously, the division's performance as a whole is expected to remain steady this year," the company added.

The group's Global Products division had shorter order cycles than EMEA Services.

"Revenue under contract is slightly ahead of this time last year driven by improved order inflow in QinetiQ North America, although the division's performance remains dependent on the timing and shipment of key orders."

At 9:15am: (LON:QQ.) QinetiQ Group PLC share price was +2.55p at 278.75p

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