G4S plc UK DK :Trading Update
07 November 2017 - 6:00PM
G4S plc Trading
Update
7 November 2017
G4S provides the following update
for the nine months ended 30 September 2017. All figures and
commentary are unaudited and stated at constant exchange rates.
G4S CEO Ashley Almanza said
"Trading for the nine months was in line with expectations.
Organic revenue growth was 4.4%, with all regions growing apart
from the Middle East and India region. Organic revenue growth
excluding Middle East and India was 6.1% for the first nine
months."
The quality of the Group's bid
pipeline and our win momentum remain encouraging. In our secure
solutions business, systems and technology enabled security
continues to gain traction in key markets and now accounts for over
£1.7 billion annualised revenue (31 December 2016: £1.5
billion). Our Retail Cash Solutions, Deposita and CASH360
solutions continue to receive a positive market response as we
extend our sales and marketing across North America, Europe,
Africa, Middle East and Asia. G4S now has around 6,500 CASH360
recycler units deployed (31 December 2016: 5,200) and over 12,000
CASH360/Deposita (31 December 2016: 9,400) smart safes. We see
significant revenue potential in our Retail Cash Solutions,
Deposita and CASH360 businesses
With very strong growth in the
fourth quarter of 2016, the Group expects full year 2017 organic
revenue growth of between 3-4% and good profit growth. We remain
focused on cash flow and are on track for the Group's net
debt to EBITDA ratio to be 2.5x or lower by the end of 2017.
The Group will announce FY 2017
results on 8 March 2018.
For further
enquiries, please contact:
Helen Parris
Director of Investor Relations
+44 (0)208 722 2125
Media
enquiries:
Sophie
McMillan
Head of
Media
+44 (0)759 552 3483
Notes to
Editors:
G4S is the leading global,
integrated security company, specialising in the provision of
security services and solutions to customers. Our mission is to
create material, sustainable value for our customers and
shareholders by being the supply partner of choice in all our
markets. G4S is quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen. G4S is active in
around 100 countries and has around 575,000 employees. For more
information on G4S, visit www.g4s.com.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: G4S plc UK DK via Globenewswire
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