Trading Update

  • 12 Dec 2005 12:23
Group 4 Securicor plc, the international security solutions group, will be updating analysts and investors prior to the start of the company’s close period. In commenting on trading for the ten months to 31 October 2005, management will be indicating that performance continues to be in line with the trends reported for the six months to 30 June 2005.
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Organic Growth

Overall organic growth for the ten months to 31 October 2005 continues at around 7% with all business lines performing well.

Growth at Wackenhut continues to be strong with particularly good growth in the Government sector.
Overall growth in the European manned security businesses continues at around 3% despite negative growth in UK Security Services.
The Cash Services division has overall improved growth in the second half with particularly strong performances in the UK and New Markets.
Security Systems growth has also improved in the second half.
Overall growth in New Markets continues to be very strong.
Margins

The group margin has increased by around 0.4% against prior year with improvements across all business lines.

Manned Security margins continue to be ahead of prior year with the reduction in the electronic monitoring margin being offset by the continuing synergy benefits.
Security Systems margins continue ahead of prior year.
Cash Services margins continue to be well ahead of prior year.
Operational Highlights

Merger integration was completed ahead of schedule with the financial benefits flowing through more quickly than expected.
G4S Cash Services (UK) concluded a landmark four year pay agreement on 21 October, providing long term stability to its customers and employees.
The divestment of Falck Security BV, the Dutch security business, to a subsidiary of Facilicom Services Group was concluded on 2 November.
G4S Security Services (UK) remains on track to complete the security officer licensing programme in line with the SIA (licensing authority) deadlines.




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