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Westminster Group PLC

Westminster Group ready to push on after ‘turning a corner in 2016’

The chief financial officer of Westminster Group PLC (LON:WSG) tells Proactive that the security services provider turned a corner in 2016 and is ready to press ahead with new opportunities.

“We’ve announced today that the numbers, both at a revenue and adjusted EBITDA level, are going to be much better than 2015,” Ian Selby says.

“The big news of course was the Ebola crisis receded in late 2015 and early 2016 and that helped the recovery.”

The company, which focuses predominantly on emerging markets, also has a number of potential opportunities on the horizon in 2017.

“We’ve got projects in Sierra Leone, but we’ve got opportunities in Africa, we’ve got opportunities in Asia and opportunities in the Middle East,” he tells investors.

Selby also reveals that Westminster is working closely with UK government as it tries to secure a major contract which is expected to have annual revenues in excess of £35mln.

Quick facts: Westminster Group PLC

Price: 14 GBX

Market: AIM
Market Cap: £20.3 m
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