QinetiQ Group, a UK-based defense company, saw a 21% revenue increase in FY24, driven by high defense demand and stable profit margins. Despite challenges in the Global Solutions segment, QinetiQ has a significant market opportunity with £30 billion in potential contracts and expanding defense budgets in the US, UK, and Australia. The stock is fairly valued but trades at a discount to peers, with expected EBITDA and free cash flow growth and potential for increased shareholder returns.
Deutsche Bank has lifted its outlook on defence contractor QinetiQ Group PLC (LSE:QQ.) following yesterday's earnings and sales growth beat.
QinetiQ Group PLC (OTCPK:QNTQF) Q4 2024 Earnings Conference Call May 23, 2024 4:30 AM ET Company Participants Stephen Lamacraft - Group Director of Investor Relations Steve Wadey - Group Chief Executive Officer & Executive Director Heather Cashin - Interim Chief Financial Officer Conference Call Participants Sash Tusa - Agency Partners Richard Paige - Numis Securities Limited David Farrell - Jefferies Joel Spungin - Investec Stephen Lamacraft Well, good morning, everybody, and welcome to the QinetiQ Full Year 2024 Results. So, my name is Stephen Lamacraft, I am the Interim Group Director of Investor Relations, and I'm joined with our Group CEO, Steve Wadey; and our Interim Group CFO, Heather Cashin.
QinetiQ Group PLC (LSE:QQ.) reported a 21% increase in revenue to £1.91 billion in the year ending 31 March.
QinetiQ Group PLC (LSE:QQ.) reported a 21% increase in revenue to £1.91 billion in the year ending 31 March.