G4S today announces its Full Year Results for the twelve months ended 31 December 2017
2017 full year Results
G4S Chief Executive Officer Ashley Almanza said, “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.
Operational and financial highlights – Core businesses:
- Profitable growth: PBITAb +4.2% (10.9% ex Middle East & India)
- Strong growth in technology-related security revenues: +11.4%
- Growing deployment of Cash solutions technology: 19,500 locations +30%
- Disciplined growth reflected in improving margins: 6.7% (2016: 6.6%)
- Productivity gains on track: £90m to £100m by 2020
- Operating cash conversion: 106% (2016: 133%)
- Financial strength: net debt to EBITDAd of 2.4x (2016: 2.8x)
- Final Dividend +5%: 6.11p per share (2016: 5.82p); Full year 9.70p per share (2016: 9.41p)
|
|
Core Businessesa Constant Rates |
Statutory Resultse Actual Rates |
||||
|---|---|---|---|---|---|---|
|
|
2017 |
2016 |
% |
2017 |
2016 |
% |
|
Revenue |
£7,427m |
£7,195m |
+3.2 |
£7,828m |
£7,590m |
+3.1 |
|
Adjusted PBITAb |
£496m |
£476m |
+4.2 |
£491m |
£461m |
+6.5 |
|
Adjusted PBITAb margin |
6.7% |
6.6% |
- |
6.3% |
6.1% |
- |
|
Earningsc |
£277m |
£262m |
+5.7 |
£236m |
£198m |
+19.2 |
|
Earnings Per Sharec |
17.9p |
16.9p |
+5.9 |
15.2p |
12.8p |
+18.8 |
|
Operating Cash Flow |
£527m |
£633m |
(16.7) |
£488m |
£615m |
(20.7) |
a See page 4 for a reconciliation of Group results.
b Adjusted PBITA is explained and defined on page 30 in the basis of preparation of Alternative Performance Measures.
c Earnings is defined as profit attributable to equity shareholders of G4S plc. Earnings and earnings per share (“EPS”) from core businesses exclude specific and other separately disclosed items, as explained on page 31, and are reconciled to statutory earnings and EPS on page 4.
d Net debt to EBITDA, identified as net debt to Adjusted EBITDA throughout the rest of the full year results announcement, is an Alternative Performance Measure as defined on page 31 and is adjusted to exclude specific and separately disclosed items.
e See page 19 for the basis of preparation of statutory results.
The outlook for the Group is positive: our strong market positions, commercial discipline, growing technology-related revenues, positive cash generation and on-going productivity programmes provide substantial confidence that the Group is well positioned to deliver a strong performance over the next three years.”
Read the full announcement here (PDF 1009.8 KB)
Download the presentation slides (PDF 2124.9 KB)