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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  G4S plc    GFS   GB00B01FLG62


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G4S plc: Continued resilient trading and contract win performance for the first nine months of 2020

10/14/2020 | 02:00am EST

14 October 2020

G4S plc

Continued resilient trading and contract win performance for the first nine months of 2020

G4S plc (“G4S” or the “Group”) provides the following update for the nine months ended 30 September 2020

Unless stated otherwise, all figures and commentary relate to underlying results, are unaudited and stated at average exchange rates for the nine months to end September 2020. All comparisons are with the first nine months of 2019 unless otherwise stated and are presented on a pro-forma basis that excludes all conventional cash businesses sold to The Brink’s Corporation on 26 February 2020

Trading performance

The Group’s revenues have remained resilient through the first nine months of the year.  Secure Solutions revenues, which account for 93% of Group revenues, remain broadly in line with 2019.  Group revenues were just 2% lower overall and this was more than offset by tight direct and indirect cost control and reduced interest costs, the latter reflecting both refinancing benefits and the Group’s improving net debt position. As a result, the Group’s underlying earnings remain ahead of the prior year for the first nine months of 2020. Although the global economic outlook remains uncertain, the Group’s performance in the first nine months demonstrates the strength of the business.

Contract wins

In the first nine months of 2020, G4S has retained and won new contracts with an annual revenue contract value of £2 billion, including the recently announced ten year, £30 million per annum contract to deliver custody and rehabilitation services at HMP Five Wells in the UK. 

Since the end of the third quarter, G4S Retail Cash Solutions has commenced the roll out of our industry leading software-and-service solution to a new customer in the United States, one of the largest big-box retailers in the world. This significant new programme is expected to continue through 2021.  

Commenting on the first nine months trading, G4S Group Chief Executive Officer, Ashley Almanza said: “G4S today is a focused global business delivering integrated security solutions which combine our risk consulting, security, technology and data analytics capabilities. The benefits of our strategy, strong execution and rapid response to Covid-19 continue to be reflected in the Group’s results during 2020 with resilient revenue, earnings and cash flow.

I would like to thank our customers and employees for their commitment to G4S during these challenging times". 

For further enquiries, please contact:

 Helen ParrisDirector of Investor Relations+44 (0) 207 9633189
 Media enquiries:  
 Sophie McMillanHead of Media+44 (0) 759 5523483
 Press office +44 (0) 207 9633333

Media Advisers

Rule 26.1 Disclosure

In accordance with Rule 26.1 of the Takeover Code, a copy of this announcement will be available at www.G4S.com, by no later than 12 noon (London time) on the business day following this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Notes to Editors:
G4S is the leading global security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all our markets.

G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 85 countries and has 533,000 employees. For more information on G4S, visit www.g4s.com.

© OMX, source OMX

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Sales 2020 6 880 M 9 271 M 9 271 M
Net income 2020 407 M 548 M 548 M
Net Debt 2020 1 463 M 1 971 M 1 971 M
P/E ratio 2020 9,55x
Yield 2020 1,49%
Capitalization 3 825 M 5 160 M 5 155 M
EV / Sales 2020 0,77x
EV / Sales 2021 0,73x
Nbr of Employees 533 000
Free-Float 98,9%
Chart G4S PLC
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Technical analysis trends G4S PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 232,29 GBX
Last Close Price 247,50 GBX
Spread / Highest target 14,3%
Spread / Average Target -6,15%
Spread / Lowest Target -26,1%
EPS Revisions
Ashley Martin Almanza Chief Executive Officer & Executive Director
John P. Connolly Non-Executive Chairman
Timothy Peter Weller Chief Financial Officer & Executive Director
Steven Lewis Mogford Senior Independent Non-Executive Director
Barbara Rose Milian Thoralfsson Independent Non-Executive Director
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