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13.07.2020

G4S sees earning above market expectations

news

The firm would bring forward its results announcement to the week beginning 20 July

Stocks impacted: G4S plc (GFS)

The leading global security company, specializing in the provision of security services and solutions to customers, expects its first-half adjusted PBITA and underlying earnings will be significantly above market consensus. The firm also said it would bring forward its results announcement to the week beginning 20 July. As a reminder, G4S said last month that revenue dipped 1% in the five months to the end of May with revenue from secure solutions. Group revenues in April and May were down 7%. G4S is active in around 85 countries and has around 533,000 employees. Following the announcement, the company’s stocks jumped nearly 9% on Monday.

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