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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  G4S    GFS   GB00B01FLG62

G4S (GFS)
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G4S : Security group G4S turnaround on track as first-half profit up 7.6 percent

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08/09/2017 | 08:58am CEST
FILE PHOTO - A G4S security guard watches over some of the courts at the Wimbledon Tennis Championships, in London

EDINBURGH (Reuters) - G4S, the world's largest security group, said its turnaround was on track as it posted on Wednesday a 7.6 percent rise in first-half profit and forecast better contract potential.

The company said it was confident that full-year revenue growth would be in line with a medium-term aim of between 4 and 6 percent and saw further expansion in 2018.

For the past four years, G4S, which provides services such as guarding, aviation screening and mobile patrols, has been selling businesses to pay off debt and trying to limit losses from British government contracts, gradually getting a greater share of its revenue from abroad.

Revenue for the six months to end-June rose 6 percent to 3.7 billion pounds ($4.8 billion) and earnings after tax reached 128 million.

"During the second half of 2017, our growth programme will focus on consolidating contract wins made over the past year and on converting attractive opportunities in our pipeline," Chief Executive Ashley Almanza said.

Net debt to earnings before interest, taxes, depreciation and amortisation stood at 2.7 times, setting it up to reach its target of 2.5 times or lower by the year end.

An employer of 600,000 staff, G4S also installs and monitors alarms, closed-circuit television, gateway control and biometric systems.

Its shares have risen 40 percent in the year to date as its overhaul starts to bear fruit.

(Reporting by Elisabeth O'Leary; Editing by Paul Sandle and David Holmes)

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Financials (GBP)
Sales 2018 7 566 M
EBIT 2018 492 M
Net income 2018 262 M
Debt 2018 1 527 M
Yield 2018 3,71%
P/E ratio 2018 15,83
P/E ratio 2019 13,52
EV / Sales 2018 0,76x
EV / Sales 2019 0,71x
Capitalization 4 220 M
Chart G4S
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G4S Technical Analysis Chart | GFS | GB00B01FLG62 | 4-Traders
Technical analysis trends G4S
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 3,18  GBP
Spread / Average Target 18%
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
John Charles Kenning CEO-North America Region & Technology
Kin Wah Fok Independent Non-Executive Director
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