G4S: first-half numbers broadly in line with consensus.
(CercleFinance.com) - Security services firm G4S on Wednesday posted a rise in overall first-half revenues and said that it expected its growth to be in line with medium-term targets.
G4S, which provides facilities management, security and secure transportation services, said overall revenues grew by 6.2% at constant exchange rates, broadly in line with the consensus.
UBS analysts point out that organic growth was still led by North America (+20.5%), while growth in Europe was steady at 4% (versus 3% in the second half of 2016).
The British company said first-half profit rose by 7.6% to 128 million pounds.
G4S said it expects full-year revenue growth in 2017 to be broadly in line with its medium-term target range of 4%-6% and anticipates continued growth in 2018.
Shares in FTSE 100 listed G4S are nevertheless down 5.4% on Wednesday, after rising by over one third since the beginning of 2017.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
G4S, which provides facilities management, security and secure transportation services, said overall revenues grew by 6.2% at constant exchange rates, broadly in line with the consensus.
UBS analysts point out that organic growth was still led by North America (+20.5%), while growth in Europe was steady at 4% (versus 3% in the second half of 2016).
The British company said first-half profit rose by 7.6% to 128 million pounds.
G4S said it expects full-year revenue growth in 2017 to be broadly in line with its medium-term target range of 4%-6% and anticipates continued growth in 2018.
Shares in FTSE 100 listed G4S are nevertheless down 5.4% on Wednesday, after rising by over one third since the beginning of 2017.
Copyright (c) 2017 CercleFinance.com. All rights reserved.