Aug 9, 2017
G4S notches up climb in half-year earnings
G4S, the world's biggest security company, reported a climb in revenues and earnings in the first half of the year, as it enjoys a turnaround in its fortunes following a series of high-profile scandals. The outsourcer, whose shares are up over 40 per cent so far this year, said it was benefiting from growing investment and will aim to consolidate its contract wins in an environment with heightened demand for security. Half-year revenues were up 6.2 per cent this year compared with the same period in 2016 with profits jumping 7.6 per cent. Europe grew 4 per cent with the the UK and Ireland up 2 per cent. The group said it expects full-year revenues growth in the region of 4-6 per cent - in line with forecasts - with similar performance forecast for 2018.
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