• Revenue growth of 11% to AED 2.578 billion
• New contract wins increase 33% year-on-year
• Headcount up by 3%
DUBAI, United Arab Emirates-Wednesday 1 May 2019 [ AETOS Wire ]
Leading
UAE-based business services provider, Transguard Group, announced its
financial figures for the financial year ending 31st March 2019,
revealing a record profit growth of 22% to over AED 186 million. The
Group’s revenue climbed 11% to a record AED 2.578 billion with record
contract wins of more than AED 2.8 billion – representing a 33% increase
from the previous year.
“With a key
focus on profit improvement, the 2018-2019 financial year was one of
steady revenue growth as a result of continuous optimisation in
operational efficiencies and strategic alignments,” said Dr. Abdulla Al
Hashimi, Chief Executive Officer, Transguard Group.
“Going from
strength to strength, Transguard Group has once again ended its
financial year with double digit profit and revenue growth,” said Greg
Ward, Managing Director, Transguard Group. “It is our talented and
dedicated team who drive Transguard’s success, with business strategies,
processes and an overall performance that is clearly of the highest
calibre.”
One of the
highlights from the past year is the acquisition of Abu Dhabi-based G4S
Cash Services LLC in December 2018, in which Transguard Group acquired
more than 540 employees, 74 cash vans, the Abu Dhabi Cash Centre and all
other assets of G4S Cash, increasing the market share of Transguard
Cash to 95%.
“What’s
particularly inspiring about this year’s financial results is that every
one of our business units experienced historic growth over the past 12
months: Security, Facilities Management, Manpower, Workforce Solutions,
Hospitality, Aviation, Transguard Living and Transguard Delivery all
exceeded their targets,” Ward continued.
The Group’s
headcount increased 3% in 2018-2019, with training for all levels of
employees at the company’s Centre of Excellence training facility
passing 800,000 training hours. Required for every headquarters-based
employee, Lean Six Sigma training and initiatives resulted in
operational efficiencies of more than AED 38 million in the 2018-2019
year.
Transguard
Group also launched several new businesses throughout the year to better
position itself as the region’s number one business support services
provider, including the launch of the Executive Protection team as part
of the Security division, and the launch of Specialist Services and Fit
Out teams as part of Facilities Management division.
“Transguard
Group continues to change the landscape of business support services and
the outsourcing environment in the region, setting the bar for what it
means to be our customers’ trusted partner in delivering total business
support solutions that enable our customers to focus on their core
business,” concluded Ward.
About Transguard Group:
Established
in 2001, Transguard Group is an Emirates Group and Al Hail Holding
company with an available workforce of 70,000. Offering flexible
solutions for all of the UAE’s staffing needs, Transguard is the
region’s most trusted expert in security, facilities management, cash
services and white collar services – and much more in between. With an
annual turnover of approximately AED 2.8 billion in the 2018-2019
financial year, Transguard’s expertise is in supplying the right people
for its clients, precisely when and where they’re needed. To learn more
about the many ways Transguard is helping the UAE’s businesses grow,
visit www.transguardgroup.com.
Contacts
For interview opportunities and more information:
Alyssa Mariano, Manager – PR & Communications, +971544370430Alyssa.mariano@transguardgroup.com
