Another year of profitable growth for G4S in 2017

G4S enjoyed healthy increases to its revenue and company share value in 2017.

The security company’s full year results showed it turned over £7.4 billion last year, which marked a 3.2 per cent uplift on 2016’s revenue. This meant profit before interest, tax and amortisation (PBITA) leapt 4.2 per cent to £496 million.

Additionally, earnings per share (EPS) was up 5.9 per cent to 17.9p which pushed up the share price by five per cent to 6.11p per share.

Ashley Almanza, who has been chief executive officer at G4S since 2013, seemed pleased with the results.

“G4S has delivered another year of profitable growth and good cash generation, enabling us to invest in our growth, technology and productivity programmes and, at the same time, strengthen our balance sheet,” he commented.

Mr Almanza added that the group’s outlook was positive and it was well positioned to deliver a strong performance over the next three years.

Founded in 2004, G4S supplies security personnel, monitoring equipment, response units and secure prisoner transportation. It is the world's largest security company, operating in around 125 countries and employing 585,000 people.