logo-loader

G4S expects organic growth to continue

Published: 04:15 07 Nov 2019 EST

G4S - G4S expects organic growth to continue
Rhe company said its revenue was up 4% in the third quarter

G4S PLC (LON:GFS) said it expects organic growth to continue in the fourth quarter and beyond supported by additional sales, as well as investments in the business.

In a trading update, the company said its revenue was up 4% in the third quarter, with secure solutions performing well in the Americas, Africa and Asia, which offset a decline in Europe, due to “commercial discipline in contract bidding”.

READ: G4S confirms plans to demerge its Cash Solutions arm

The security solutions provider said it continues to consider unsolicited proposals as alternatives to the demerger of its Cash Solutions business, which is currently slated for the first half of 2020.

The division, which transports and stores money on behalf of its customers, reported quarterly organic revenue growth of 4% compared to the same period last year.

“Our technology-enabled solutions continued to support our growth in both of our principal businesses with secure solutions delivering organic revenue growth of 4.9% and cash solutions delivering organic revenue growth of 4.1%,” G4S's chief executive Ashley Almanza said in today's release.

In early morning trading, G4S shares were 0.8% higher at 206.5p.

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

25 minutes ago