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| Date | 27 Apr 2022 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 4443J |
News release
QinetiQ Group plc
Investor Seminar: Delivering our global ambition
27 April 2022 - QinetiQ Group plc ("QinetiQ" or "the Group") today is hosting a seminar where we will provide an update on delivering our global ambition with a focus on:
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1. |
The heightened global market opportunity; |
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2. |
An increased ambition to grow to more than £2.3bn revenue over next 5 years; |
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3. |
Our increasingly relevant strategy to respond to market dynamics; |
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4. |
The plan to more than double our Australian and US businesses; and |
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5. |
A clear financial strategy and compelling investment case. |
The defence and security context worldwide has heightened the need for our six distinctive offerings giving significant growth potential within our >£20bn addressable market. We have a robust strategy in place that is increasingly relevant to respond to these market dynamics, to drive significant growth and strong shareholder returns.
Our three home countries of the UK, US and Australia have been the main growth drivers for delivering 75% revenue growth in the last 6 years, equivalent to 10% CAGR. We continue to focus on these three countries and today announce an increased level of ambition: we intend to deliver at least the same level of growth in the next 5 years to build a company with revenues in excess of £2.3bn by FY27+, through both strong organic growth and strategic acquisitions. This will be achieved through more than doubling the size of both our US and Australian businesses.
The seminar will be presented at The Smith Centre at The Science Museum, Imperial College Road, South Kensington, London SW7 2DD. You are invited to join us for lunch from 12.30pm BST to see a selection of our capabilities and products, as well as meeting the QinetiQ Leadership Team. The presentation will start at 1.30pm BST and there will be an option to view online if you cannot join us in person. Access to the event is via registration on our website:
https://www.qinetiq.com/en/investors/investor-seminars/delivering-global-growth
A recording of the seminar will be available at www.QinetiQ.com/investors after the event.
There will be no new material information disclosed on current trading.
About QinetiQ
QinetiQ (QQ.L) is a leading science and engineering company operating primarily in the defence and security markets. We work in partnership with our customers to solve real world problems through innovative solutions delivering operational and competitive advantage. Visit our website www.QinetiQ.com. Follow us on LinkedIn and Twitter @QinetiQ. Visit our blog www.QinetiQ-blogs.com.
For further information please contact:
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John Haworth, Group Head of Investor Relations: |
+44 (0) 7920 545841 |
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Lorna Cobbett, Citigate Dewe Rogerson (Media enquiries): |
+44 (0) 7771 344781 |