News

Security services colossus G4S is showing no signs of suffering from any crisis.



The company reported today that 2008 revenue increased by 22% on 2007 to £5,942.9 million, making G4S the world's largest security company both in terms of employees and in terms of revenue.  



G4S' operating profit was up by 29% to £348.6 million and organic growth was reported at 9.5%.  



G4S continued its aggressive acquisition strategy through 2008, spending a total of £599 on new purchases.  Some of the most significant of those purchases include prison-operator GSL as well as two companies operating African and Middle-Eastern conflict zones - ArmorGroup and RONCO.



The company expects to be able to shield itself from the worst of the economic crisis given its diversification into 120 countries around the world, and also given that much of its revenue (around 27%) comes from the public sector, including its largest clients - the UK and US governments.  The company is asserting its confidence in the future and particularly in emerging markets, stating that it intends to put on an additional 20,000 staff in India to join its 130,000 strong workforce there.