Preliminary Results Announcement
15 March 2011G4S, the international security solutions group, today announces its preliminary results for the twelve months to 31 December 2010
Results Highlights
- Organic turnover growth* of 2.1% (2009: 3.7%)
- Group turnover* up 4.1% to £7,397 million (2009: £7,105m)
- PBITA* up 4.2% to £527 million (2009: £506m)
- Margin* maintained at 7.1% (2009: 7.1%) through tight cost control
- Strong cash flow generation of £442 million, 85% of PBITA (2009: 90%)
- Adjusted earnings per share increased by 7% to 21.6p (2009: 20.2p) and by 6% at constant exchange rates
- Recommended final dividend up 14% to 4.73 pence per share DKK 0.4082 (2009: 4.16p/DKK 0.3408)
- Recommended total dividend up 10% to 7.90 pence per share DKK 0.6959 (2009: 7.18p/DKK 0.5624)
- Invested £65 million in a number of acquisitions to consolidate our positions in Latin America, primarily entering the thriving Brazilian market
* at constant (2010) exchange rates
Nick Buckles, Chief Executive Officer, commented:
“Today we have announced our sixth consecutive year of underlying revenue, profit and dividend growth since G4S was formed in 2004.
The excellent performance in 2010 has been achieved despite continued uncertainties with the global economic downturn, which is testament to the efforts of our global workforce of 625,000 employees. We have delivered further strong organic growth of 6.6% in New Markets, which now account for 29% of revenue and 33% of profits, and we are encouraged by signs of economic recovery in our larger developed markets of the US and the UK. In addition, our differentiated “integrated solutions” strategy is helping us to build market share with global customers.
We will continue to build on our successes and remain confident about the outlook for 2011 when we expect to deliver an improved organic revenue growth performance whilst continuing to maintain our discipline on margins and cash generation.”
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Contact details
- Helen Parris
(Director of Investor Relations)
: +44 (0)1293 554423
Media Enquiries
- Kevin Smith
(Citigate Dewe Rogerson)
: +44 (0)207 282 1054
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 125 countries and over 625,000 employees. For more information on G4S, visit www.g4s.com.