In accordance with IFRS, the presentation of G4S’s results from H1 2018 onwards will reflect the new organisation structure which was implemented on 1 January 2018.
G4S presents 2017 segmental results reflecting new organisation structure
This saw the creation of new management structures for Secure Solutions and Global Cash Solutions which has enabled us to further strengthen the Group’s strategic, commercial and operational focus in each of our core service lines.
In addition, the presentation of the Group’s results will reflect the:
• elimination of the separate presentation of portfolio businesses as the portfolio programme is substantially complete; and
• introduction of the separate presentation of the impact of business disposals in the current and prior year.
These presentational changes do not change the Group’s audited prior period results.
Ahead of the announcement of its half year 2018 results on 9 August, to aid comparison with prior periods, a summary of the Group’s results for H1 2017 and FY 2017 reflecting the above changes and presented at average exchange rates for the six months ended 30 June 2018 is set out below:
In addition, the presentation of the Group’s results will reflect the:
• elimination of the separate presentation of portfolio businesses as the portfolio programme is substantially complete; and
• introduction of the separate presentation of the impact of business disposals in the current and prior year.
These presentational changes do not change the Group’s audited prior period results.
Ahead of the announcement of its half year 2018 results on 9 August, to aid comparison with prior periods, a summary of the Group’s results for H1 2017 and FY 2017 reflecting the above changes and presented at average exchange rates for the six months ended 30 June 2018 is set out below:
|
£m |
HY 2017 |
FY 2017 |
||||
|---|---|---|---|---|---|---|
|
|
Revenue |
Adjusted PBITA |
EPS |
Revenue |
Adjusted PBITA |
EPS |
|
|
|
|
|
|
|
|
|
Core businesses as previously reported |
3,715 |
235 |
8.3 |
7,427 |
496 |
17.9 |
|
Portfolio businesses as previously reported |
200 |
2 |
(0.1) |
282 |
(5) |
(1.0) |
|
Business disposals: 2017 & 2018 |
(156) |
(10) |
(0.4) |
(197) |
(14) |
(0.4) |
|
Underlying businesses at actual exchange rates |
3,759 |
227 |
7.8 |
7,512 |
477 |
16.5 |
|
Exchange differences |
(167) |
(9) |
(0.5) |
(257) |
(14) |
(0.5) |
|
Underlying businesses at H1 2018 exchange rates |
3,592 |
218 |
7.4 |
7,255 |
463 |
16.1 |
Reconciliations of the segmental and total group results as previously reported to those reported in the new structure are set out at the end of this announcement.
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