Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

G4S PLC

(GFS)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Security firm G4S posts higher profit on cost-cutting drive

10/14/2020 | 03:10am EST
FILE PHOTO: A G4S security van is parked outside a bank in Loughborough

(Reuters) - G4S Plc on Wednesday said profit for the nine months ended September was ahead of last year, helped by a tight check on costs even as the British security firm's revenue slipped 2% during the period.

The London-listed company, which has been fending off a hostile takeover bid from Canada's GardaWorld, said it has retained and won contracts with an annual revenue contract value of 2 billion pounds ($2.58 billion) for the nine months ended Sept. 30.

G4S, one of the world's largest private-security firms employing more than half a million people in 90 countries, said revenue for the period remained resilient.

"Group revenue was just 2% lower overall, and this was more than offset by tight direct and indirect cost control and reduced interest costs, with the latter reflecting both refinancing benefits and the improving net debt position," the company said in a statement.

The British company sold most of its cash-handling operations in February to U.S. peer Brinks Co to focus on its security business.

The firm earlier said it expected to save 100 million pounds in 2020 from productivity gains and restructuring.

G4S, which is now at the centre of a bidding war, said in July that it expected increased demand for thermal cameras and screening personnel as businesses reopen after many countries eased lockdowns.

The security contractor, after a series of setbacks in recent years, rejected GardaWorld's hostile bid last month. A second potential suitor, U.S. rival Allied Universal, expressed interest last week, signalling that consolidation in the industry was gathering pace.

(Reporting by Aakash Jagadeesh Babu and Pushkala Aripaka in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
All news about G4S PLC
11/25GARDAWORLD OFFER : Update on Offer-related Arrangements
AQ
11/25G4S : urges shareholders to turn down Gardaworld takeover offer
RE
11/25G4S PLC : G4S to resume dividend for 2021 with clear potential for significant f..
AQ
11/16G4S : Bid target G4S talks up potential of Retail Cash Solutions business
RE
11/16G4S : Retail Cash Solutions
AQ
11/12INVESCO LTD. : Form 8.3 - G4S PLC
AQ
11/12G4S PLC : Offer for G4S plc - North American Competition Clearances
AQ
11/12G4S PLC : Notification of Major Shareholding
AQ
11/08G4S : Canada's Gardaworld extends offer for UK's G4S
RE
11/08G4S : Extension of GardaWorld Cash Offer
AQ
More news
Financials
Sales 2020 6 877 M 9 153 M 9 153 M
Net income 2020 407 M 541 M 541 M
Net Debt 2020 1 463 M 1 947 M 1 947 M
P/E ratio 2020 8,80x
Yield 2020 1,61%
Capitalization 3 526 M 4 699 M 4 692 M
EV / Sales 2020 0,73x
EV / Sales 2021 0,69x
Nbr of Employees 533 000
Free-Float 98,9%
Chart G4S PLC
Duration : Period :
G4S plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends G4S PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 220,86 GBX
Last Close Price 228,10 GBX
Spread / Highest target 24,1%
Spread / Average Target -3,18%
Spread / Lowest Target -19,8%
EPS Revisions
Managers
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
G4S PLC4.63%4 699
CINTAS CORPORATION34.19%37 779
UNITED RENTALS39.66%16 801
EDENRED5.57%14 304
BUREAU VERITAS SA-7.39%11 561
GENPACT LIMITED-2.51%7 784