Interim Management Statement
Management will be indicating that there have been no material changes in trading performance or market conditions across our various businesses since the preliminary results announcement in March and, despite the weakening of the US dollar, performance is slightly ahead of overall expectations.
Overall organic growth was 7.6% with around 6% in developed markets and around 14% in developing markets.
In security services, organic growth remained strong as a result of good performances from the UK and New Markets. Organic growth in North America and Continental Europe continued to be in line with expectations.
Cash services continued to produce excellent organic growth, supported by particularly strong performances in Europe and New Markets.
Overall margins were ahead by 0.3% on the same period last year, reflecting a trend across most geographic regions.
Security services margins improved mainly as a result of the good performances of our businesses in Europe and New Markets. Margins in North America were in line with last year.
In cash services, trading continued to be strong, with margin improvements being driven mainly by our businesses in Continental Europe and North America.
Acquisitions & Divestments
We continue to have a strong pipeline of potential bolt-on acquisition opportunities, particularly in New Markets. During the first quarter, we completed a number of transactions, including acquisitions in South Africa, the UK, Saudi Arabia, the Czech Republic, the Netherlands and Serbia.
We have made a strong start to the year and are confident that this performance will continue throughout 2007.
AGM & Dividend
The AGM will take place on 31 May 2007 and the final dividend of 2.52 pence (DKK 0.277) per share is proposed for payment on 8 June 2007.
For further enquiries, please contact:
Nick Buckles +44 (0) 1293 554400
Kevin Smith, Citigate Dewe Rogerson +44 (0) 7973 672649
Notes to Editors:
Group 4 Securicor operates in over 100 countries throughout the world, employing around 470,000 people. It is a market leader in the provision of security solutions in many of the countries in which it operates. For more information on Group 4 Securicor, visit www.g4s.com.
An investor and analyst conference call is taking place today at 0900 (UK time). The dial in number is + 44 (0)20 7162 0125.
Results for the 6 months to 30 June 2007 will be published on 29 August 2007.