G4S PLC (LON:GFS), the security services group, said trading had remained resilient in the final months of 2020.
The FTSE 250 member, which recently accepted a takeover bid worth 245p per share from US rival Allied Universal after rejecting several offers from Canada’s GardaWorld, added in a statement that revenues were in-line with the trends highlighted at the nine-month stage and profit (PBITA) margins had held up well,
Ashley Almanza, chief executive, said: “Our teams also produced an exceptional commercial performance with new and retained contract wins that have a total revenue value of £5.5bn.
“These wins reflect the competitive strength of G4S’s integrated service offerings and provide strong support for G4S’s growth plans."
Almanza added that G4S’s net cash flow generation was also very strong though this was helped by COVID-19 related payroll and other indirect tax deferrals of around £110mln, which will mostly reverse in 2021.