QinetiQ Group plc Trading Statement (6226A)
September 30 2015 - 2:01AM
UK Regulatory
TIDMQQ.
RNS Number : 6226A
QinetiQ Group plc
30 September 2015
News release
QinetiQ Group plc
Pre Close Trading Update
Ahead of QinetiQ entering its closed period for the half year
ending 30 September 2015, we will be holding our customary
pre-close meetings with analysts today. No new material information
will be disclosed in these meetings.
The Board is maintaining its expectations for Group performance
this financial year.
In the UK, the Government's Strategic Defence and Security
Review (SDSR), and public consultation on the proposed approach to
calculating the baseline profit rate for single source contracts,
are both underway.
The EMEA Services division continues to see some customer
contract award decisions deferred due to uncertainties in the UK
market or delayed by requirements for additional approvals.
However, revenue under contract for this financial year is as
expected at this stage.
As anticipated, the Group's Global Products division continues
to trade at similar levels to the prior year.
QinetiQ's interim results for the half year ending 30 September
2015 will be announced on 19 November 2015.
ENDS
Notes to Editors:
A FTSE250 company, QinetiQ uses its world class knowledge,
research and innovation to provide high-end technical expertise and
advice, to customers in the global aerospace, defence and security
markets. QinetiQ's unique position enables it to be a trusted
partner to government organisations, predominantly in the UK and
the US, including defence departments as well as other
international customers in targeted sectors. For more information
see www.QinetiQ.com.
For further information please contact:
Investor relations: David Bishop, QinetiQ +44 (0) 7920 108675
Media relations: QinetiQ press office +44 (0) 1252 393500
Rebecca Mitchell, +44 (0) 207 379
Maitland 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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