Published On: Wed, Nov 4th, 2015

Transguard Group reports “record” financial results

Transguard Group has posted revenues in excess of AED1bn, up 34% YoY, with profits of more than AED106m.

The results, for the financial year 2014/5 coincided with the Emirates Group owned company surpassing 30,000 employees for the first time.

“The financial year 2014/2015 has been a record year for us and these results have been achieved by significant growth and development across all of our business units,” said Dr. Abdulla Al Hashimi, CEO, Transguard Group.

“The services we provide to Emirates Group remain a major part of our business. Over the last year we have seen our business grow by more than 20% with over 6,000 personnel now deployed at Dubai International and Dubai World Central airports,” added Dr. Al Hashimi.

“In the coming year we forecast sustained healthy growth across all of our established markets, supported by substantial growth in Abu Dhabi and the introduction of a number of new business lines,” commented John Nolan, MD, Transguard Group.

Cash Services

To underscore Transguard Group’s dominant position in the cash services market still further, it has developed a strategic partnership with NCR, one of the world’s largest ATM suppliers, which offers banks in the UAE complete end-to-end ATM management solutions and has also successfully launched Smart Cash Deposit Machines in partnership with security solutions company Gunnebo. Through these partnerships, Transguard Group now manages the cash in more than 80% of the UAE automated teller machines (ATM) and over 60% of cash-in-transit (CIT) services.

Outsouced Services

The Outsourced Services business is firmly established as one of the largest providers of outsourced workforces in the UAE. In the last financial year the business recorded revenue growth of over 90%, with a notable contribution from its specialist end-to-end professional recruitment and resourcing company, Transguard Themis. The FM team and Transguard’s hospitality business both achieved healthy growth of 40% and 17% respectively over last year.

Security Services

Transguard Security Services also continues to grow, with the business now employing just over 5,000 personnel. During the last year the team introduced new service lines, including car park management, security consultancy and risk management services. It also played a key role in the deployment and ongoing operation of the explosive trace detection (ETD) screening system at Dubai International Airport.

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