Month: July 2020

Resetting Cost Base – Solid Operational PerformanceTakeaways Q2 2020Segment Revenues of $138.7 million, compared to $215.6 million in Q2 2019Segment EBITDA of $99.1 million, compared to $135.2 million in Q2 2019Segment EBIT (excluding impairments and other charges) of $7.0 million, compared to $17.7 million in Q2 2019Segment MultiClient pre-funding revenues of $66.2 million, with a corresponding pre-funding level of 102%, compared to $66.8 million and 102%, respectively, in Q2 2019Cash flow from operations of $67.5 million, compared to $108.1 million in Q2 2019 As reported revenues according to IFRS of $90.3 million and an EBIT loss of $82.2 million, after impairments of $27.0 million, compared to $192.4 million and EBIT loss of $7.3 million, respectively, in Q2 2019Received last installment of $24.2 million from the sale of Ramform...

23 July 2020G4S plcResults for the six months ended 30 June 2020G4S Chief Executive Officer Ashley Almanza commented:“G4S is at an important inflection point as we accelerate our transition to a highly focused global integrated security business. The benefits of our strategy, focused execution and timely response to Covid-19 are reflected in the Group’s results with resilient revenue, earnings and cash flows reported for the first six months.Underlying revenuea was £3.35 billion (2019: £3.40 billion), underlying EPS was 6.3p per share (2019: 6.3p per share) and underlying operating cash flow was £364 million (2019: £164 million). The Group’s strategic focus and financial position were further strengthened by the sale of conventional cash businesses, now 76% complete, and financial leverage was significantly improved at 2.58x (2019: 2.90x)....