Edition:
India

Qinetiq Group Says Co Maintains FY Expectations


Wednesday, 24 Jul 2019 

July 24 (Reuters) - Qinetiq Group PLC ::FIRST QUARTER TRADING UPDATE.MAINTAINING FULL YEAR EXPECTATIONS.REITERATING EXPECTATIONS FOR GROUP PERFORMANCE IN FY20 AS SET OUT IN OUR FY19 RESULTS STATEMENT.ON TRACK TO DELIVER MID-SINGLE DIGIT REVENUE GROWTH THIS YEAR.REVENUE UNDER CONTRACT IS NOW 85%, UP FROM 74% IN APRIL 2019.IN EMEA SERVICES, CONTINUED TO DELIVER ON OUR GROWTH STRATEGY WITH ORDERS AND REVENUE IN QUARTER AHEAD OF PRIOR YEAR AT EXPECTED MARGINS.GLOBAL PRODUCTS DIVISION ALSO PERFORMED WELL IN Q1 WITH ORDERS, REVENUE AND OPERATING PROFIT ALL AHEAD OF PRIOR YEAR. 

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