Half-Yearly Results Announcement Jan-June 2009
24 August 2009
G4S, the world’s leading international security solutions group, today announces its half year results for the six months to 30 June 2009.
Results Highlights:
- Group turnover* up 11.8% to £3,486.1 million (2008:£ 3,117.0m)
- Organic turnover growth* of 4.8% (2008: 10.5%)
- PBITA* up 13.4% to £229.8 million (2008:£202.6m)
- Margin* improved to 6.6% (2008: 6.5%)
- Operating cash flow generation of 75% of PBITA (2008: 77%)
- Adjusted earnings per share increased 25.0% to 9.0p (2008: 7.2p) and by 9.8% at constant exchange rates (2008: 8.2p)
- Interim dividend up 10% to 3.02 pence per share, DKK 0.2599 (2008: 2.75p/DKK 0.2572)
- Continued good performance across all regions and business segments
- Expect a strong performance for the full year
* at constant (2009) exchange rates
Nick Buckles, Chief Executive Officer, commented:
“Our overall achievement of 4.8% organic growth and 9.8% EPS growth is a strong performance against a back-drop of lower economic growth and inflation falling in many of our markets. This demonstrates the resilience of our business model and the robustness of our customer relationships and contract base. Our higher growth, more complex business segments in government, cash solutions and new markets are all performing very well.
Through good cost control, productivity improvements and focus on service quality across the group, we have achieved double digit profit growth and an improvement in the margin compared to the prior year.
Overall, we remain confident about our performance for the year and into 2010.”
Contact details
- Nick Buckles (Group CEO): +44 (0) 1293 554400
Media Enquiries
- Helen Parris (Director of Investor Relations): +44 (0) 1293 554400
About G4S
G4S is the world’s leading security solutions group, which specialises in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat. G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in more than 110 countries and over 595,000 employees. For more information on G4S, visit www.g4s.com.