Daily reviews

13.07.2020

G4S sees earning above market expectations

G4S sees earning above market expectations

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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