Business
Full Year Results 2017
Full Year Results 2017.
About this update from Qinetiq Group Plc
[{"type":"text","content":"\n \nRNS Number : 1713G QinetiQ Group plc 25 May 2017 \n \n\nQinetiQ Group plc\n \n \n \nFull year results for the year ended 31 March 2017\n \nGood operational delivery and strategic progress\n \n\n\n\n\n \n\n\nStatutory results\n\n\nUnderlying* results\n\n\n\n\n \n\n\n2017\n\n\n2016\n\n\n2017\n\n\n2016\n\n\n\n\nRevenue\n\n\n£783.1m\n\n\n£755.7m\n\n\n£783.1m\n\n\n£755.7m\n\n\n\n\nOperating profit\n\n\n£132.7m\n\n\n£75.3m\n\n\n£116.3m\n\n\n£108.9m\n\n\n\n\nProfit after tax\n\n\n£123.3m\n\n\n£106.1m\n\n\n£103.8m\n\n\n£95.9m\n\n\n\n\nEarnings per share\n\n\n21.5p\n\n\n18.1p\n\n\n18.1p\n\n\n16.3p\n\n\n\n\nFull year dividend per share\n\n\n6.0p\n\n\n5.7p\n\n\n6.0p\n\n\n5.7p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal orders\n\n\n\n\n\n\n\n\n£1,676.7m\n\n\n£659.8m\n\n\n\n\nOrders excluding LTPA amendment \n\n\n\n\n\n\n\n\n£675.3m\n\n\n£659.8m\n\n\n\n\nNet cash inflow from operations (pre-capex)\n\n\n\n\n\n\n\n\n£111.9m\n\n\n£133.4m\n\n\n\n\nNet cash inflow from operations (post-capex)\n\n\n\n\n\n\n\n\n£79.0m\n\n\n£103.6m\n\n\n\n\nCash conversion ratio (post-capex)\n\n\n\n\n\n\n\n\n68%\n\n\n95%\n\n\n\n\nNet cash\n\n\n\n\n\n\n\n\n£221.9m\n\n\n£274.5m\n\n\n\n\n \nGood operational delivery in FY17\n· High quality growth in total backlog from £1.3bn to £2.2bn\n· 4% year-on-year revenue growth; 1% increase on an organic basis* at constant currency\n· Solid operating profit enhanced by £7.4m of non-recurring trading items\n· Cash conversion included c£30m working capital unwind (half related to non-recurring items)\n· 5% increase in dividend; £50m share buyback completed\nStrategic progress\n· Secured £1bn amendment to the Long Term Partnering Agreement with the UK MOD\n· Established an International business and completed two acquisitions - of Meggitt Target Systems and RubiKon Group in Australia - to support international growth\n· Global agreement for next generation satellite receivers\n· Invested £20m in people, technology and campaigns, funded by operational efficiencies\nFocus on delivery of FY18\n· Strategy implementation key to driving growth in ...