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25 September 2018
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G4S REPORTS STRONG UPTICK IN ALL CORE SECTORS FOR 2017

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Strong growth in technology-related security © iStock

12 March 2018 | Herpreet Kaur Grewal


Support services group G4S has reported growth in each one of its core businesses, according to its financial results for the full year ending 2017.

 

The figures show that it has seen “strong growth in technology-related security revenues” – up by 11.4 per cent.

 

It has also seen productivity gains on track from £90 million to £100 million by 2020. The company also reports profitable growth in its Middle East and Indian markets.

 

Group CEO Ashley Almanza said: “G4S has delivered another year of profitable growth and good cash generation, enabling us to invest in our growth, technology and productivity programmes and, at the same time, strengthen our balance sheet.

 

“The outlook for the group is positive: our strong market positions, commercial discipline, growing technology-related revenues, positive cash generation and ongoing productivity programmes provide substantial confidence that the group is well positioned to deliver a strong performance over the next three years.”