G4S reaffirms strong cash flow and debt guidance

G4S said it expects to generate "substantial" free cash flow in the current calendar year and reiterated its guidance for the year ahead for cutting debt.

The FTSE 250 group said its business plan and current performance would support the pledged ratio of net debt to EBITDA ratio of 2.5 times or lower by the end of 2017.

In a short trading statement ahead of its year end, G4S also reported that its Cash360 and Deposita cash retail solutions programme has "continued to perform well and is underpinned by a substantial contract portfolio and order book that is expected to provide significant ongoing revenues to the group".

Shares in the group were down almost 1% to 229.6p at 0915 GMT on Tuesday.