Financial Announcements
10 Mar 2009
Preliminary Results Announcement, January – December 2008
G4S, the international security solutions group, today announces its preliminary results for the twelve months to 31 December 2008Results Highlights
- Strong organic turnover growth* of 9.5% (2007: 9.1%)
- Group turnover* up 22% to £ 5,942.9 million (2007: £4,868.4m)
- PBITA* up 23% to £416.4 million (2007: £338.7m)
- Margin* maintained at 7.0% (2007: 7.0%)
- Cash flow generation up 28% to £353.2 million, 86% of PBITA (2007: 90%)
- Adjusted earnings per share increased by 26% to 16.7p (2007:13.3p)
- Recommended final dividend up 29% to 3.68 pence per share DKK 0.3052 (2007: 2.85p/DKK 0.279) Recommended total dividend up 30% to 6.43 pence per share DKK 0.5624 (2007: 4.96p/DKK 0.511)
- Completed a number of capability-building acquisitions including GSL, ArmorGroup and RONCO
- Total spend of £599 million on acquisitions less disposals
- Raised £276.8 million of new equity
- Strategy implementation progressing well
- Continued strong all-round performance, particularly in new markets
Nick Buckles, Chief Executive Officer, commented:
“The group has delivered another great set of results and made significant progress in its strategy implementation, supplemented with some key capability-building acquisitions which have been integrated successfully. Against the backdrop of ongoing economic uncertainty in 2009 we continue to focus on building customer relationships, retaining and growing existing business, winning new business, improving productivity, controlling costs and differentiating G4S with new service lines.
Our strong and experienced senior management team across the group combined with our broad geographic and market sector exposure - with no over-reliance on a single economy or particular industry group - allows us to remain confident that we can deliver a strong performance in 2009.”
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2008 Preliminary Results AnnouncementFor further enquiries, please contact:
| Nick Buckles | Chief Executive Officer | +44 (0) 1293 554400 |
| Trevor Dighton | Chief Financial Officer | |
| Helen Parris | Director of Investor Relations | |
Media enquiries: | ||
| Kevin Smith | Citigate Dewe Rogerson | +44 (0) 7973 672649 |
High resolution images are available for the media to view and download free of charge from www.vismedia.co.uk.
Notes to Editors:
G4S is the world’s leading international security solutions group, which specialises in outsourced 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 over 110 countries and over 585,000 employees. For more information on G4S, visit www.g4s.com.
Presentation of Results:
A presentation to investors and analysts is taking place today at 0900hrs at the Deutsche Bank Auditorium, London. The event will be webcast at:
http://www.thomson-webcast.net/uk/dispatching/?event_id=884abf09c2a86b7eeecaa6a914bf7071&portal_
id=3adf8181e9c843ad319a58b9bb471277
Slides to accompany the presentation:
Preliminary Results 2008 - presentation slidesA telephone dial-in facility will be available on:-
UK Local/International: +44 203 003 2666
UK Freephone: 0808 1090 700
US Toll Free: 1 866 966 5335
Danish Toll Free: 8088 8649
A replay is available for seven days after the announcement by dialling:
UK Local/International: +44 208 196 1998
UK Freephone: 0800 633 8453
US Toll Free: 1 866 583 1035
Access code for replay: 1224070#
Danish Toll Free: 8088 7109
Access code: 1224070#
