G4S, the global integrated security business, is presenting at various investor conferences throughout November and, on that basis, the Group has moved to provide a financial update on business for the nine months ending 30 September 2016.
Since the start of the year, the Group has won new contracts with annual revenues of £1 billion and a total contract value of £2 billion. Revenues from continuing operations in the first nine months of 2016 were £4,821 million, up by 5.7% when compared with the same period in 2015.
The combination of the Group’s strong organic growth and ongoing productivity programmes has produced double-digit growth in earnings and operating cash flow.
The Group remains on track with its plans to reduce leverage to 2.5x ND/EBITDA by the end of 2017. Operating cash flows from continuing operations have increased by more than 60% year-on-year for the first nine months, while the update mentions that the Group is “making good progress” in terms of its portfolio programme.