G4S plc Trading Update
4 May 2017
G4S provides the following update for the three months ended 31 March 2017. All figures and commentary are unaudited and stated at constant exchange rates.
Commenting on first quarter trading, G4S Chief Executive Officer, Ashley Almanza said, "In line with our expectations, the Group had a strong start to the year, with the momentum from 2016 continuing into the first quarter of 2017."
Revenues from the Group's continuing businesses were 8.9% higher than the first quarter of 2016. Trends continued from 2016, with double-digit organic growth in developed markets and revenues broadly unchanged in emerging markets. New contract wins and the pipeline provide confidence in the Group's expectation of average revenue growth in the range of 4-6% per annum.
As part of the established portfolio programme, the Group realised $56.5 million in the quarter from the sale of the Youth Services business in the United States. The Group's business plan and current performance continue to support a net debt/EBITDA ratio of 2.5x or lower by the end of 2017.
Results for the six months to 30 June 2017 will be published on 9 August 2017.
For further enquiries, please contact:
Helen Parris Director of Investor Relations +44 (0)208 722 2125
Media enquiries:
Nigel Fairbrass Director of Media +44 (0)779 989 4265
Sophie McMillan Business Media Manager +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 over 585,000 employees. For more information on G4S, visit www.g4s.com.