G4S publishes full set of financials for 12-month period ending 31 December
The G4S Group has announced its Full Year Results for the 12 months ending 31 December 2017. Revenue stands at £7.4 billion, which is up from £7.1 billion in 2016. PBITA is £496 million, with Earnings Per Share recorded at 17.9 pence.
Ashley Almanza, CEO at the G4S Group, stated: “G4S has delivered another year of profitable growth and good cash generation, enabling us to invest in our growth, technology and productivity programmes and, at the same time, strengthen our balance sheet.”
Operational and financial highlights for core businesses include strong growth in technology-related security revenues (+11.4%), a growing deployment of cash solutions technology (19,500 locations, +30%), disciplined growth reflected in improving margins of 6.7% (versus 6.6% in 2016) and productivity gains on track at £90 million to £100 million by 2020.
Operating cash conversion is 106%. The corresponding figure in 2016 was 133%.