LONDON (dpa-AFX) - QinetiQ Group plc (QQ.L) issued a trading update for the first quarter, and reported that order intake has continued to remain strong and revenue, profit and cash are in-line with expectations.
The company sees FY23 revenue under contract of £1.05 billion, up from £900 million at April 2022.
Consequently, the company remains confident of delivering in-line with its expectations, with mid-single digit organic revenue growth and operating profit towards the mid-point of its 11% - 12% short-term operating profit margin target, rising to 12% - 13% operating profit margin in the medium term.
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