Edinburgh — G4S, the world’s largest security group, said its gains from a cost savings drive would go towards boosting its technological capabilities, giving it "substantial confidence" in its medium-term outlook. G4S, which provides outsourced services such as guarding, security and cash management, and has operations in SA, said full-year revenue was £7.43bn, below analyst expectations for £7.55bn, but within in a lower range it had a forecast late last year of between 3 and 4% growth. Profit rose 5.7% to £277m. Leaner processing and better organisation would achieve recurring operating gains of £70m-£80m by 2020, it said. Along with refinancing gains of about £20m, that would mean it could reinvest in growth and boost profit. Growth in technology-enabled revenues and good cash generation, as well as better productivity, gave the group "substantial confidence" for the next three years, with a goal of raising core revenues by an average of 4%-6% annually. Overall, strong growth in...
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