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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

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 2017 7 615 M
EBIT 2017 487 M
Net income 2017 251 M
Debt 2017 1 667 M
Yield 2017 3,44%
P/E ratio 2017 16,82
P/E ratio 2018 15,47
EV / Sales 2017 0,79x
EV / Sales 2018 0,75x
Capitalization 4 365 M
Chart G4S
Duration : Period :
G4S Technical Analysis Chart | GFS | GB00B01FLG62 | 4-Traders
Technical analysis trends G4S
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Average target price 3,05  GBP
Spread / Average Target 8,5%
EPS Revisions
Ashley Martin Almanza Chief Executive Officer & Executive Director
John P. Connolly Non-Executive Chairman
Timothy Peter Weller Chief Financial Officer & Executive Director
Clare Mary Joan Spottiswoode Independent Non-Executive Director
Kin Wah Fok Independent Non-Executive Director
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