Security group G4S delivers revenue growth

G4S, the world’s biggest security firm, said underlying revenue had grown by 4.8 per cent in the nine months to September 30, boosted by strong business in emerging markets.

By The Newsroom

Published 5th Nov 2013, 08:40 BST

Led by new boss Ashley Almanza, G4S wants to improve its fortunes after a turbulent 18 months by selling off non-core businesses to help cut debt and fund expansion in more profitable emerging markets.

Mr Almanza is expected to give a more detailed presentation to investors about its growth plans.

The firm is also restructuring its UK and Ireland cash security business and other under-performing units within continental Europe in order to improve margins. G4S said it expected to see benefits from the shake-up in 2014, adding that trading in its fourth quarter was expected to remain challenging in Europe and the US.

G4S employs nearly 2,600 people in Yorkshire and the Humber.