CAN G4S CONTINUE TO EXPAND DURING 2012?
JULIAN CATER CANACCORD GENUITY
We expect a further acceleration of organic growth through 2012. Owing to the start-up costs associated with a number of contract mobilisations and the impact of US government budgetary cuts, we expect flat profits in the first half and strong growth in the second half of 2012.
JONATHAN JACKSON KILLIK & CO
G4S stands to benefit from the ongoing outsourcing dynamic, with its strong brand providing it with superior pricing power to its peers. Additionally, G4S has strong exposure to emerging markets, providing a significant opportunity to boost revenue further.
MIKE ALLEN PANMURE GORDON
[The statement] shows a good pick up in organic growth, offset by some margin weakness. Organic growth is better than expected, but we are mindful of FX headwinds and margin pressures. We expect G4S to outperform in choppy markets, given its consistent track record to date.