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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| G4s Plc | LSE:GFS | London | Ordinary Share | GB00B01FLG62 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 244.80 | 245.00 | 245.10 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMGFS
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11 July 2018
G4S presents 2017 segmental results reflecting new organisation
structure
In accordance with IFRS, the presentation of G4S's results from H1 2018
onwards will reflect the new organisation structure which was
implemented on 1 January 2018. This saw the creation of new management
structures for Secure Solutions and Global Cash Solutions which has
enabled us to further strengthen the Group's strategic, commercial and
operational focus in each of our core service lines.
In addition, the presentation of the Group's results will reflect the:
-- elimination of the separate presentation of portfolio businesses as the
portfolio programme is substantially complete; and
-- introduction of the separate presentation of the impact of business
disposals in the current and prior year.
These presentational changes do not change the Group's audited prior
period results.
Ahead of the announcement of its half year 2018 results on 9 August, to
aid comparison with prior periods, a summary of the Group's results for
H1 2017 and FY 2017 reflecting the above changes and presented at
average exchange rates for the six months ended 30 June 2018 is set out
below:
GBPm HY 2017 FY 2017
Adjusted Adjusted
Revenue PBITA EPS Revenue PBITA EPS
Core businesses
as previously reported 3,715 235 8.3 7,427 496 17.9
Portfolio businesses as
previously reported 200 2 (0.1) 282 (5) (1.0)
Business disposals:
2017 & 2018 (156) (10) (0.4) (197) (14) (0.4)
Underlying businesses at
actual exchange rates 3,759 227 7.8 7,512 477 16.5
Exchange differences (167) (9) (0.5) (257) (14) (0.5)
Underlying businesses at
H1 2018 exchange rates 3,592 218 7.4 7,255 463 16.1
Reconciliations of the segmental and total group results as previously
reported to those reported in the new structure are set out at the end
of this announcement.
For further enquiries, please contact:
Helen Parris Director of
Investor Relations +44 (0) 208 7222125
Media enquiries:
Sophie McMillan Head of Media +44 (0) 759 5523483
Notes to Editors:
G4S is the leading global, integrated security company, specialising in
the provision of security services and solutions to customers. Our
mission is to create material, sustainable value for our customers and
shareholders by being the supply partner of choice in all our markets.
G4S is quoted on the London Stock Exchange and has a secondary stock
exchange listing in Copenhagen. G4S is active in around 90 countries and
has around 570,000 employees. For more information on G4S, visit
www.g4s.com.
Reconciliation of segmental results
for the six months ended 30 June 2017
to the new organisational structure
Core businesses as previously reported Cash Solutions Secure Solutions
(a) (b) (c) Core businesses in new structure
Revenue - GBPm
Africa 228 (34) - 194
Asia 367 (115) 179 431
Middle East &
India 427 (27) (179) 221
Europe 654 (146) - 508
United Kingdom &
Ireland 649 (144) - 505
Europe & Middle
East 1,730 (317) (179) 1,234
Latin America 350 (22) - 328
North America 1,040 (149) - 891
Americas 1,390 (171) - 1,219
Cash Solutions - 637 - 637
Total
Core/Underlying 3,715 - - 3,715
Core
businesses Disposed
in new Portfolio businesses businesses Underlying businesses
structure (d) (e) at actual exchange rates
Revenue - GBPm
Africa 194 6 (1) 199
Asia 431 13 (13) 431
Middle East &
India 221
Europe 508
United Kingdom &
Ireland 505
Europe & Middle
East 1,234 97 (103) 1,228
Latin America 328
North America 891
Americas 1,219 41 (23) 1,237
Cash Solutions 637 43 (16) 664
Total
Core/Underlying 3,715 200 (156) 3,759
Underlying businesses
Underlying businesses Exchange differences at H1 2018 exchange
at actual exchange rates (f) rates
Revenue - GBPm
Africa 199 (10) 189
Asia 431 (28) 403
Middle East &
India
Europe
United Kingdom &
Ireland
Europe & Middle
East 1,228 (6) 1,222
Latin America
North America
Americas 1,237 (106) 1,131
Cash Solutions 664 (17) 647
Total
Core/Underlying 3,759 (167) 3,592
Adjusted PBITA
(g) - GBPm
Core
businesses
Core businesses as previously reported Cash Solutions Secure Solutions in new
(a) (b) (c) structure
Africa 24 (9) - 15
Asia 30 (16) 14 28
Middle East &
India 34 (1) (14) 19
Europe 48 (20) - 28
United Kingdom &
Ireland 53 (14) - 39
Europe & Middle
East 135 (35) (14) 86
Latin America 15 (3) - 12
North America 57 (17) - 40
Americas 72 (20) - 52
Cash Solutions - 80 - 80
Total before
corporate
costs 261 - - 261
Corporate costs (26) - - (26)
Total
Core/Underlying 235 - - 235
Core
businesses Disposed
in new Portfolio businesses businesses Underlying businesses
structure (d) (e) at actual exchange rates
Africa 15 1 (1) 15
Asia 28 1 (1) 28
Middle East &
India 19
Europe 28
United Kingdom &
Ireland 39
Europe & Middle
East 86 5 (5) 86
Latin America 12
North America 40
Americas 52 - (2) 50
Cash Solutions 80 (5) (1) 74
Total before
corporate
costs 261 2 (10) 253
Corporate costs (26) - - (26)
Total
Core/Underlying 235 2 (10) 227
Underlying businesses
Underlying businesses Exchange differences at H1 2018 exchange
at actual exchange rates (f) rates
Africa 15 (1) 14
Asia 28 (2) 26
Middle East &
India
Europe
United Kingdom &
Ireland
Europe & Middle
East 86 - 86
Latin America
North America
Americas 50 (3) 47
Cash Solutions 74 (3) 71
Total before
corporate
costs 253 (9) 244
Corporate costs (26) - (26)
Total
Core/Underlying 227 (9) 218
Core Underlying
businesses businesses
as previously Portfolio businesses Disposed businesses at actual
reported (d) (e) exchange rates
Other financial
KPIs - GBPm
Profit
before
tax 181 1 (10) 172
Profit
after
tax 138 (1) (7) 130
Earnings 128 (1) (6) 121
Earnings
per share
- p 8.3 (0.1) (0.4) 7.8
Operating
cash
flow 192 (3) (6) 183
Underlying
Underlying businesses at
businesses H1 2018
at actual Exchange Exchange
exchange rates differences (f) rates
Other financial
KPIs - GBPm
Profit before tax 172 (10) 162
Profit after tax 130 (7) 123
Earnings 121 (7) 114
Earnings per share - p 7.8 (0.5) 7.4
Operating cash flow 183 - 183
Under
lying
busin Acq Statutory
esses Add uisition results
Recon at back: related at
ciliation actual Dis One amor actual
to stat exch posed rous tisation exch
utory ange bus Restr cont and ange
results rates inesses (e) ucturing racts other rates
Other
financial
KPIs - GBPm
Profit
before
tax 172 10 (14) (5) 55 218
Profit
After
tax 130 7 (11) (4) 42 164
Earnings 121 6 (11) (4) 38 150
Earnings
per
share
- p 7.8 0.4 (0.7) (0.3) 2.5 9.7
Operating
cash flow 183 6 (13) - - 176
Statutory
Statutory results
results at H1
Reconciliation at actual Exchange 2018
to statutory exchange differences exchange
results rates (f) rates
Other financial
KPIs - GBPm
Profit before
tax 218 (12) 206
Profit afte
r tax 164 (8) 156
Earnings 150 (8) 142
Earnings
per share
- p 9.7 (0.5) 9.2
Operating
cash flow 176 - 176
Reconciliation of segmental results
for the year ended 31 December 2017
to the new organisational structure
Core businesses
as Core
previously reported Cash Solutions Secure Solutions businesses
(a) (b) (c) in new structure
Revenue - GBPm
Africa 457 (70) - 387
Asia 736 (223) 358 871
Middle East &
India 845 (54) (358) 433
Europe 1,356 (303) - 1,053
United Kingdom &
Ireland 1,334 (293) - 1,041
Europe & Middle
East 3,535 (650) (358) 2,527
Latin America 693 (41) - 652
North America 2,006 (225) - 1,781
Americas 2,699 (266) - 2,433
Cash Solutions - 1,209 - 1,209
Total
Core/Underlying 7,427 - - 7,427
Underlying
Core businesses
businesses Portfolio businesses Disposed businesse at actual exchange
in new structure (d) s (e) rates
Revenue - GBPm
Africa 387 12 (3) 396
Asia 871 25 (25) 871
Middle East &
India 433
Europe 1,053
United Kingdom &
Ireland 1,041
Europe & Middle
East 2,527 102 (115) 2,514
Latin America 652
North America 1,781
Americas 2,433 56 (23) 2,466
Cash Solutions 1,209 87 (31) 1,265
Total
Core/Underlying 7,427 282 (197) 7,512
Underlying Underlying
businesses businesses at
at actual exchange Exchange differences H1 2018
rates (f) exchange rates
Revenue - GBPm
Africa 396 (13) 383
Asia 871 (45) 826
Middle East &
India
Europe
United Kingdom &
Ireland
Europe & Middle
East 2,514 (20) 2,494
Latin America
North America
Americas 2,466 (160) 2,306
Cash Solutions 1,265 (19) 1,246
Total
Core/Underlying 7,512 (257) 7,255
Adjusted PBITA
(g) - GBPm
Core businesses
as Core
previously reported Cash Solutions Secure Solutions businesses
(a) (b) (c) in new structure
Africa 46 (18) - 28
Asia 65 (32) 27 60
Middle East &
India 58 - (27) 31
Europe 104 (43) - 61
United Kingdom &
Ireland 120 (35) - 85
Europe & Middle
East 282 (78) (27) 177
Latin America 29 (7) - 22
North America 123 (25) - 98
Americas 152 (32) - 120
Cash Solutions - 160 - 160
Total before
corporate
costs 545 - - 545
Corporate costs (49) - - (49)
Total
Core/Underlying 496 - - 496
Underlying
Core businesses
businesses Portfolio businesses Disposed businesse at actual exchange
in new structure (d) s (e) rates
Africa 28 1 (1) 28
Asia 60 - - 60
Middle East &
India 31
Europe 61
United Kingdom &
Ireland 85
Europe & Middle
East 177 4 (8) 173
Latin America 22
North America 98
Americas 120 - (2) 118
Cash Solutions 160 (10) (3) 147
Total before
corporate
costs 545 (5) (14) 526
Corporate costs (49) - - (49)
Total
Core/Underlying 496 (5) (14) 477
Underlying Underlying
businesses businesses at
at actual exchange Exchange differences H1 2018
rates (f) exchange rates
Africa 28 (1) 27
Asia 60 (3) 57
Middle East &
India
Europe
United Kingdom &
Ireland
Europe & Middle
East 173 (1) 172
Latin America
North America
Americas 118 (7) 111
Cash Solutions 147 (2) 145
Total before
corporate costs 526 (14) 512
Corporate costs (49) - (49)
Total
Core/Underlying 477 (14) 463
Underlying
Core businesses at
businesses as Portfolio Disposed actual
previously businesses businesses exchange
reported (d) (e) rates
Other financial
KPIs - GBPm
Profit before
tax 383 (7) (14) 362
Profit after
tax 291 (14) (7) 270
Earnings 277 (15) (6) 256
Earnings per
share - p 17.9 (1.0) (0.4) 16.5
Operating cash
flow 527 (7) (9) 511
Underlying Underlying
businesses at businesses at H1
actual exchange Exchange 2018 exchange
rates differences (f) rates
Other financial
KPIs - GBPm
Profit before tax 362 (11) 351
Profit after tax 270 (8) 262
Earnings 256 (7) 249
Earnings per share
- p 16.5 (0.5) 16.1
Operating cash flow 511 - 511
Statutory
Recon Acquisition results
ciliation to Underlying related at actual
statutory businesses Add back: Rest Onerous amortisation exchange
results at actual exchange rates Disposed businesses (e) ructuring contracts and other rates
Other
financial
KPIs
- GBPm
Profit
before tax 362 14 (20) (19) 49 386
Profit
after tax 270 7 (16) (15) 12 258
Earnings 256 6 (16) (15) 5 236
Earnings
per share
- p 16.5 0.4 (1.0) (1.0) 0.3 15.2
Operating
cash flow 511 9 (19) - - 501
Statutory
Statutory results results at H1
Reconciliation to at actual Exchange differences 2018 exchange
statutory results exchange rates (f) rates
Other financial
KPIs - GBPm
Profit before tax 386 (11) 375
Profit after tax 258 (8) 250
Earnings 236 (8) 228
Earnings per share
- p 15.2 (0.5) 14.7
Operating cash flow 501 - 501
a) Results from core businesses as previously reported in the Group's
results for the
six months ended 30 June 2017 or the year ended 31 December 2017 as
appropriate.
Segment results were presented geographically with segments combining
Secure Solutions and Cash Solutions.
b) As reported in the 2017 Integrated Report and Accounts, in January
2018 the Group created a new
'Cash Solutions' division. This column presents the re-classification of
the results from the Cash Solutions
businesses that were previously reported in the geographical segments
into the new Cash Solutions division.
c) With effect from 1 January 2018, the Secure Solutions division was
consolidated into four regions: Americas,
Europe & Middle East, Africa and Asia. Following this re-organisation,
the results of certain businesses previously
reported in the Middle East & India region (primarily India and
Bangladesh) are now reported in the Asia region.
d) As reported in the 2017 Integrated Report and Accounts, the Group's
portfolio business divestment and
closure programme is now materially complete. The financial impact of
portfolio businesses is no longer material
and to simplify reporting moving forwards, the Group has ceased separate
columnar disclosure of these businesses.
e) To present results on a consistent and comparable basis, the results
from any businesses sold in either the
current or prior periods are excluded from the underlying businesses in
both the current and prior periods. These
include the Youth Services businesses in North America, the children's
homes business in the UK and Group
businesses in Israel and Bulgaria in 2017 and the document storage
business in Kenya and the Group's businesses
in Hungary in 2018.
f) The 30 June 2017 results were presented at average exchange rates for
the six months ended 30 June 2017
and those for the year ended 31 December 2017 were presented at average
exchange rates for the year ended
31 December 2017. The comparative results have been re-presented at
average exchange rates for the six months
ended 30 June 2018.
g) Adjusted PBITA is an Alternative Performance Measure as defined in
the 2017 Integrated Report and Accounts, together
with restructuring, acquisition-related amortisation, specific and other
items.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: G4S plc UK DK via Globenewswire
http://www.g4s.com/
(END) Dow Jones Newswires
July 11, 2018 02:00 ET (06:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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