May 9, 2018 / 6:26 AM / 6 months ago

G4S says trading in line with full-year targets

FILE PHOTO: A G4S security van is parked outside a bank in Loughborough, central England, August 28, 2013. REUTERS/Darren Staples/File Photo

LONDON (Reuters) - G4S (GFS.L), the world’s biggest security group, said it expected growth to accelerate in the second half of the year after organic revenue fell 2 percent in the first quarter due to tough comparatives with last year.

G4S, which provides outsourced services such as guarding, security and cash management, said it was building up a strong pipeline in its retail cash solutions business in North America and overall trading in line with its full-year targets.

“We expect growth to accelerate in the second half of 2018 as the strong first-half comparatives from Retail Cash Solutions roll off, our new contracts mobilise and our productivity programmes deliver benefits to the bottom line,” said ChiefExecutive Ashley Almanza.

Reporting by Kate Holton, editing by Louise Heavens

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