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British security firm G4S posted a 6% rise in 2017 core earnings on Thursday, and said that it is optimistic about the next three years

08/03/2018

The group's core earnings amounted to 277 million pounds last year, from 262 million pounds in 2016, on the back of an adjusted EBITA that rose 4% to 496 million pounds, 2% below the consensus.

 

'Full-year 2017 results were a touch light,' an analyst commented after the report.

 

The shares are currently down 3.3% at 255 pence after this report, while the London FTSE 100 index is down just 0.1% in comparison.

 

Even so, G4S said that it has a positive outlook, based on strong market positions, commercial discipline, and growing technology-enabled revenues.

 

G4S said it is well positioned to deliver strong performance over the next three years.

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