Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • FETransmission.com
  • Investegate.co.uk
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  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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G4S PLC (GFS)

  Print      Mail a friend       Annual reports

Tuesday 07 May, 2013

G4S PLC

G4S plc UK DK : Interim Management Statement

G4S plc UK DK : Interim Management Statement

7 May 2013

G4S PLC
INTERIM MANAGEMENT STATEMENT

G4S, the world's leading secure outsourcing group, reports today on trading for the year to date, including an overview of financial performance to 31 March 2013.

Overview of the financial performance for the three months to 31 March 2013
In the first three months of 2013, overall revenues compared to the same period last year, grew by 7.5% at constant exchange rates and by 7.7% at actual exchange rates.  The group operating margin was around 0.6% lower compared to the same period in 2012.  

Organic Growth
Overall organic growth was encouraging at 6%, with 12% in developing markets and 4% in developed markets

  • In secure solutions, organic growth was 6%, helped by a continued strong performance in developing markets and UK government  

  • In cash solutions, organic growth was 3% overall. Developed markets declined 1% and developing markets grew 14%.   

Margins
Overall, the group margin was down around 0.6% due principally to continued challenging economic and trading conditions in Continental Europe, ongoing pricing pressure in the UK and Ireland cash solutions businesses, the mix effect of new contracts starting up in UK Government and the impact of a £6m charge in the African region relating mainly to the write-off of receivables.  The proposed closure of 30 prisons and other cost reductions by the Netherlands Ministry of Justice will have a significant negative impact on the group's Dutch business which provides staff to the prisons. For all of these reasons, and despite ongoing business improvement plans, the first quarter margin trends are expected to continue for the full year.

Acquisitions & Divestments
During the first three months of the year, the group invested £5m in capability-building acquisitions such as the Deposita cash solutions business in South Africa.  The process for the sale of the US Government Solutions business is underway and the group now intends to include its regulated secure solutions business, which provides services to regulated markets such as nuclear power, in the sale of the US Government Solutions business. RSS had revenues of around £100m and profits of around £6m in 2012.

Financial position
The group had committed credit facilities of £1,100m, of which £760m was unutilised at 31 March.

Summary  
The business has continued to achieve good underlying organic growth despite continuing challenging macro-economic conditions in Europe.

The North American commercial businesses had an exceptionally strong performance in 2012 and so, as expected, growth in the first quarter of 2013 was slightly lower. The UK government business continued to grow strongly, helped by contracts started in 2012.  

The group's developing markets businesses, which account for more than a third of group profits, continue to achieve strong results and their organic growth rates are expected to continue for 2013.

The macro-economic environment has affected developed markets margins and, despite active business improvement plans which are being implemented, group margins are expected to continue to be impacted adversely in the short term.

For further enquiries, please contact G4S plc:
Helen Parris - Director of Investor Relations     +44 (0) 1293 554423

For Media enquiries, please contact
Adam Mynott - Director of Media Relations     +44(0) 1293 554445
Piers Zangana - Media Relations Manager
David Allchurch/Ed Orlebar - Tulchan Group                +44 (0) 207 353 4200

There will be an investor and analyst conference call at 8.30 am (UK time) today. Participants should dial in 10 -15 minutes before the conference call start time:

Webcast Link:
http://view-w.tv/w/707-803-12848/en
Telephone Dial-in Details 

UK Toll free 0808 109 0700
Denmark Toll free 8088 8649  
Standard International access +44 (0) 20 3003 2666
USA Toll free 1 866 966 5335  

Password : G4S

A replay of the call will be available for seven days after the event, details as follows;-

Replay Details:

Standard International Access : +44 (0) 20 8196 1998
Denmark Toll Free : 8088 7109
UK Toll Free : 0800 633 8453
USA Toll Free : 1 866 583 1035
Access Pin :  7923041

AGM & Dividend

The AGM will take place on 6 June 2013 and the final dividend of 5.54 pence (DKK 0.473) per share is proposed for payment on 14 June 2013.

Capital Markets Day

On 25 June, G4S will be holding a Capital Markets Day in London for analysts and institutional investors.

Half year results

Results for the six months to 30 June 2013 will be published on 28 August 2013.

Notes to Editors:

G4S is the world's leading secure outsourcing group, which specialises in outsourced business processes in sectors where security and safety risks are considered a strategic threat.

G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen.  G4S has operations in more than 125 countries and more than 620,000 employees.  For more information on G4S, visit www.g4s.com.




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: G4S plc UK DK via Thomson Reuters ONE

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