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Annual Results

G4S earnings up

08 March 2017 07:24

G4S saw good progress with its transformation strategy in 2016 with revenues from continuing businesses up 6.3% at £6,823m and earnings up 16.6% at £246m.

The group said that since 2013, the year in which it commenced the transformation, it had increased sales by 15%, EPS by 45% and generated operating cash flow of £1.9 billion.

Operational and financial highlights:

- New contract sales: £2.5 billion total value; £1.3 billion annual value

- Pipeline £6.8 billion annual value

- Developed markets revenues +6.8%a,d; Emerging markets revenues +5.4%a,d

- Secure Solutions revenues +4.1%a,d; Cash Solutions revenues +18.8%a,d

- Strong growth in technology, systems and software revenues +36%

- Group's net debt to EBITDA improved to 2.8x

- Dividend: Final 5.82p per share (2015: 5.82p); Full year 9.41p per share (2015: 9.41p) Chief executive Ashley Almanza said: "We made good progress with our transformation strategy in 2016 and our continuing businesses delivered revenue growth of 6.3% and earnings growth of 16.6%.

"We now have much stronger foundations, growing competitive capabilities and an attractive array of market opportunities.

"Our transformation strategy is expected to produce further performance improvements and underpins our aim of delivering sustainable, profitable growth."

Story provided by StockMarketWire.com

Related Company: GFS

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