G4S plc UK DK: Interim Management Statement
5 November 2013
INTERIM MANAGEMENT STATEMENT
G4S, theleadingGlobal Integrated Security Company,reports today ontrading
and financial performance from 30 June to date and gives an overview of
financial performance forthe nine months ended 30 September 2013.
Overview - trading and financial performance from 30 June to date and nine
months to 30 September 2013
Trends from the first half of 2013 have broadly continued from 30 June to
date. Revenue,at constant exchange rates, compared to the samenine
monthperiod last yeargrew by6.4%^1.Profit before interest, tax and
amortisation (PBITA) was in line with the same period in2012.
Trading update -nine months ended 30 September.
Overall organic growth was4.8%. Growth was14% in emergingmarkets andwas
broadly flatindeveloped markets.The Group delivered satisfactory organic
growth despite challenging market conditionsin Europe and lower US federal
government spending which has affected our secure solutions and systems
businesses in that market.
On 31 October, weagreed the sale of G4S Norway toNokasAS for a total
consideration of £30.5million includingassociated cash and debt. Completion
is subject to customary closing conditions. G4S Norway provides security and
security systems to customers across the country.
As at 30 September the Group was in a significantly stronger financial
position following theAugust share placingand receipt of the disposal
proceeds from the sale of our data storage business in Colombia. We expect to
receive the proceeds from the disposal of our Canadian Cash business in the
fourth quarter. The Group also had access to £960 million of committed,
On 4 November, the SFO notified the company that it opened an investigation
into the provision of electronic monitoring services which commenced in April
2005. The company will fully co-operate with this investigation. The company
also continues to provide support and full co-operation to the Ministry of
Justice on its audit of the electronic monitoring contract and, upon
completion of the audit, looks forward to working with the customer to address
any differences on this contract. The company is also providing full support
and co-operation to the Cabinet Office review of key contracts.
Summary and Outlook
Ouremerging markets businesses, which account for more than40%of group
profits, continue to achieve good results. Trading conditions are expected to
remain challenging in Europe and the USA during the fourth quarter. The
restructuring of our UK & Ireland cash solutions businessesand selected
businesses in continental Europe isunderway with tangible benefits expected
At our Capital Markets presentation today, we will be outlining how the proven
expertise and capabilities of our people, coupled with our leadingmarket
positions and diverse customer base provide us with the foundation from which
to deliver sustainable, profitable growth
^1^-excludingthe Olympics contract
For further enquiries, please contact G4S plc:
Helen Parris - Director of Investor Relations +44 (0) 1293
For Media enquiries, please contact
Adam Mynott - Director of Media Relations +44(0) 1293 554445
Faeth Birch - RLM Finsbury +44 (0) 207 251 3801
A meeting for investors is being held in London at 2pm today. Webcast details
are as follows:
Notes to Editors:
G4S is the leading Global Integrated Security Company which specialises in the
provision of security products and services to customers.
G4S is quoted on the London Stock Exchange and has a secondary stock exchange
listing in Copenhagen. G4S is active in more than 115 countries and has
620,000 employees. For more information on G4S, visit www.g4s.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: G4S plc UK DK via Thomson Reuters ONE
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