G4S 9-Month Organic Revenue Rises; Sees Profit Growth Ahead - Quick Facts

(RTTNews) - UK-based private security firm G4S Plc (GFS.L, GFSZY.PK) reported Wednesday that its organic revenue growth for the nine months to September 30 went up 4.2 percent, and the financial performance was in line with plans.

In its interim management statement, the company noted that emerging markets' organic revenue growth for the nine months was 11 percent. Developed markets' organic revenue growth was 1 percent, with a continued strong performance in the North American business of 6 percent, partially offset by a 1 percent decline in the UK and Europe.

The company said it continued to invest in organic growth and has won new contracts with annual revenues of over 870 million pounds and total contract value of 1.7 billion pounds.

The company ended the period with a sales pipeline of 5.1 billion pounds.

G4S noted that the benefits from its programme of corporate transformation resulted in underlying PBITA and earnings growth ahead of revenues, with the half year improvement in profits continuing into the third quarter and expected to continue for the full year.

Commenting on current trading and outlook, Ashley Almanza, Group CEO, said, "Our trading performance in 2014 and the on-going implementation of our performance improvement plans are expected to provide good momentum for the group in 2015".

The company will release its full-year results on March 10.