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Interim Results

G4S sees revenue and earnings growth

09 August 2017 07:21

G4S's continuing businesses delivered revenue growth of 6.2% and earnings growth of 7.6% in the six months to the end of June.

Revenues rose to £3,715m and earnings increased to £128m at constant rates.

On a statutory basis, revenues rose by 12.5% to £3,972m and earnings were up 117.4% at £150m.

The group said net debt to EBITDA improved to 2.7x (30 June 2016: 3.3x); and it expected 2.5x or lower by year end.

The group declared an interim dividend of 3.59p (2016: 3.59p).

Chief executive Ashley Almanza said: "In the first half of 2017 our continuing businessesa delivered revenue growth of 6.2% and earnings growth of 7.6%.

"We continue to invest in strengthening our sales operations and in new products and services for our customers and these investments have materially improved our sales pipeline which supports our medium term aim of growing revenues by an average of around 4-6% per annum.

"Our well established productivity programme provides increased confidence in the Group's ability to deliver recurring operating and financing efficiencies of £90 million to £100 million by 2020.

"We believe that this combination of investment, growth and productivity will deliver strong growth in the Group's earnings and operating cash flow."

Story provided by StockMarketWire.com

Related Company: GFS

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