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Slow start for optimistic G4S

Management hailed an improving performance at the security group, but most headline numbers are flat or down
August 9, 2018

Management may have sung the praises of G4S' (GFS) revenue generation in the first half of 2018, but investors have had to squint to see any real improvement. In underlying terms, revenues only grew 0.2 per cent after a tough comparator sent sales down in the first quarter, while organic growth of 2.8 per cent in the second wasn't as much of an improvement as investors would have hoped. 

IC TIP: Hold at 263p
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