G4S bumps up profits, with boost from US

Listen to this article

00:00
00:00

G4S, the world’s largest security firm, has locked up a 14 per cent rise in pre-tax profits to £352m for last year, boasting that its “transformation strategy” remains on track.

The one-time FTSE 100 member, stung by a series of historic scandals and overexpansion, has been seeking to get back on track.

CEO Ashley Almanza said today:

We now have much stronger foundations, growing competitive capabilities and an attractive array of market opportunities. Our transformation strategy is expected to produce further performance improvements and underpins our aim of delivering sustainable, profitable growth.

In its continuing operations, North America provided by far the largest jump in revenues, up by 12.4 per cent on the year to £1.8bn, making this the largest of its markets.

“Our pipeline provides the opportunity for further growth” here, it, added. For the UK and Ireland, revenue growth was a much slower 1.5 per cent.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.