G4S: H1 results in line, split confirmed
(CercleFinance.com) - On Friday, G4S, the world leader in security services, unveiled interim results that are in line with expectations and confirmed its intention to split its cash transport and cash management businesses next year.
This morning G4S announced H1 EBITDA of 234 million pounds, up 1.7% at constant currencies, for sales that are up 4.7% at 3.75 billion pounds.
The group, which employs 550,000 people in over 90 countries, has also maintained its interim dividend at 3.59p per share and has confirmed its medium-term revenue growth target of 4% to 6%.
In particular, G4S said that the process of separating its cash transport and cash management division - which represents 14% of sales - would occur in the first half of 2020.
The share was up 4.2% this morning at 191.2 pence, valuing the company at 2.85 billion pounds. The share price has however fallen by more than 25% over the past 12 months.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This morning G4S announced H1 EBITDA of 234 million pounds, up 1.7% at constant currencies, for sales that are up 4.7% at 3.75 billion pounds.
The group, which employs 550,000 people in over 90 countries, has also maintained its interim dividend at 3.59p per share and has confirmed its medium-term revenue growth target of 4% to 6%.
In particular, G4S said that the process of separating its cash transport and cash management division - which represents 14% of sales - would occur in the first half of 2020.
The share was up 4.2% this morning at 191.2 pence, valuing the company at 2.85 billion pounds. The share price has however fallen by more than 25% over the past 12 months.
Copyright (c) 2019 CercleFinance.com. All rights reserved.