QinetiQ H1 FY27 underlying operating profit rises 14% to £110 million
- QinetiQ's H1 FY27 underlying operating profit rose 14% to £110 million, while underlying EPS climbed 18% to 16.8p.
- Revenue increased to £923 million, while order intake grew 9% to £771 million.
- The group agreed to sell its US business to Serco for $292 million, with most proceeds earmarked for shareholder buybacks.
- FY27 guidance remains unchanged, targeting revenue growth of 3–5% and an underlying operating margin of 11–11.5%.
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