G4S: shares fall after posting mixed results

(CercleFinance.com) - G4S, the British security company, sliid 5% on Tuesday after its full-year 2018 results were deemed a "mixed bag" by analysts.


The firm - which provides security and cash services to around 90 countries and has 546,000 employees - said profit before interest, tax and amortisation (PBITA) remained flat at 474 million pounds in 2018, on sales inched up just 1.1%.

The full year dividend was also flat at 9.7 pence a share, the company said on Tuesday.

These results are "mixed," said analysts at UBS, but they noted certain progress on the separation process.

Indeed, G4S mentioned "progress" with the group's transformation, saying that the planned separation of the cash solutions business will provide the company with strategic, commercial and operational focus.

G4S shares, which have risen by just 0.8% year-to-date, are currently down 4.9% at 198 pence, giving the group a market capitalisation of 3.2 billion pounds.

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