Report

Momentum building

QinetiQ is a business in transformation. It has a new management team, a new campaign based strategy and it is proactively adapting to meet the new defence environment in the UK and US. Solid FY17 numbers saw the first organic revenue growth since 2014, which is encouraging, and management has maintained its expectations for FY18. Underlying momentum is building at the company. Order intake, contract wins and continued organic revenue growth will demonstrate whether or not the new strategy can translate into higher returns.
Underlying
QinetiQ Group plc

Qinetiq Group is a science and engineering company operating primarily in the defence, security and aerospace markets. Co. operates two divisions: EMEA Services, which provides advice and services, particularly test and evaluation; and Global Products, which delivers products and solutions supported by research and development which is often funded by customers. Co. operates in three home markets: the U.K., the U.S. and Australia.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Alexandra West

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