Preliminary Results Announcement - January-December 2006
Strong organic turnover growth of 7.1%
Group turnover up 8.4% * to £4,353.6 million
PBITA up 10% * to £277.0 million
Margin improved from 6.3% to 6.4%
Cash flow generation of £241.1 million, 88% of PBITA (2005: 79%)
Adjusted earnings per share increased 9% to 12.2p
Recommended final dividend up 13% to 2.52 pence per share (DKK 0.277)
(Recommended total dividend up 19% to 4.21 pence per share (DKK 0.463))
Excellent growth continues across New Markets
Strong margin progression in Cash Services
Increasing group targets
Overall another strong performance across the group
* at constant exchange rates
Nick Buckles, Group Chief Executive, commented:
“We have achieved a strong set of results in what I would consider to be a year of consolidation for the group. Having delivered on the synergies and strategy that we communicated at the time of the merger in 2004, we are now moving quickly into a new phase which we would describe as one of enhanced growth and development.
When we created Group 4 Securicor, we explained how the combined organisation would deliver additional strategic benefits over and above the initial synergy targets. I am pleased to say that some of these additional benefits are emerging across the organisation. As a result, we are targeting accelerated growth, margin improvements and higher cash generation across our businesses over the next three years.
I am confident that we will deliver on our increased financial targets and strategic objectives and I am excited about the future for the group as we develop our reputation as the global leader in providing security solutions.”
Presentation of Results:
A presentation to investors and analysts took place at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS.
Please download the Presentation Slides
Annual General Meeting
The company’s annual general meeting will be held in London on 31 May 2007.