QinetiQ keeps FY27 outlook, says Q1 trading matches expectations

PUBT · 1d ago
QinetiQ keeps FY27 outlook, says Q1 trading matches expectations
  • QinetiQ posted first-quarter trading in line with full-year expectations, supported by a record opening order backlog.
  • FY27 guidance maintained: revenue growth of 3%-5%, underlying operating profit margin of 11%-11.5%, EPS growth of 8%-10%.
  • Cash targets unchanged: more than 90% cash conversion in FY27, more than GBP 550 million free cash flow over FY27-FY29.
  • First-half weighting unchanged: about 46% of full-year revenue, underlying operating profit margin of about 11%.
  • Share buyback continued: GBP 32 million repurchased; about GBP 68 million left in the current program, due to complete by end-FY27.


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