Double digit increase in Group order intake with 13% orders growth in EMEA Services
Landmark contracts secured by 'Explore' businesses: Training, UAS Services and OptaSense®
High cash conversion
£150m share buyback underway; 40% complete at 14 November 2014
29% increase in interim dividend reflecting confidence in financial strength and Organic-Plus strategy
Despite challenging markets, the Board's expectations for Group performance in the current financial year are unchanged
Leo Quinn, Group Chief Executive Officer said:
"With EMEA Services continuing to deliver strong performance and a number of 'Explore' businesses winning landmark contracts, QinetiQ is well positioned to deliver growth in sustainable earnings through the next stage of its Organic-Plus strategy. The Group creates value through its unique expertise and innovation, underpinned by financial discipline. This has enabled it to invest in the differentiated capabilities most needed by customers in today's global defence environment and beyond.
"QinetiQ has a portfolio that combines high-quality earnings and strong cash generation with growth opportunities in new sectors and geographies. Equally importantly, it has the right people to deliver this strategy - a workforce committed to delivering value and proud of the customers they serve. This adds up to a significant change from five years ago and, as I leave the Group, I want to thank all our employees for their contribution to this transformation.
"Despite challenging markets, the Board's expectations for Group performance in the current financial year are unchanged."