Preliminary Results Announcement - January-December 2005
Strong organic turnover growth of 7%
Group turnover up 8.2% to £4,130 million *
PBITA up 16% to £254 million *
Margin improvement of 0.5% to 6.2%
Cash flow generation of £198 million, 80% of PBITA
Adjusted earnings per share increased to 11.1p
Recommended final dividend up 21% to 2.24 pence per share (DKK 0.2435)
Challenges remain in some European manned security markets
Very good performances from Cash Services division, the US and New Markets overall
Overall strong set of results for first full year of operation
* at constant exchange rates
Nick Buckles, Group Chief Executive, commented:
“With the merger integration completed and synergies achieved, we are now in a position to demonstrate the ongoing benefits and growth potential of the enlarged group. Organic turnover growth and profit improvement are very strong and we are pleased to be able to recommend a final dividend of 2.24 pence per share. We have also declared our intention to reduce our dividend cover to 2.5 times adjusted earnings over the medium term, demonstrating our confidence in the continuing strong performance of the organisation.
Whilst there are some businesses which require added focus to bring them in line with the group targets, overall trading is going well and we are confident that this will continue into 2006 and beyond.”
Annual General Meeting:
The company’s annual general meeting was held in London on 29 June.
G4S is the world's leading international security solutions group, operating in over 100 countries with over 500,000 employees.
G4S is a member of the Ligue International des Societe de Surveillance.