Report
Pedro Echeguren
EUR 10.00 For Business Accounts Only

Prosegur Cash: 1Q19 results preview: Solid organic growth shadowed by forex

Prosegur Cash: 1Q19 results preview: Solid organic growth shadowed by currency depreciation

  • Prosegur Cash will announce its 1Q19 results on Tuesday 7th May before the opening.
  • Sales to decline moderately in 1Q19e
  • Lower earnings
  • Net debt to increase marginally
  • France likely to be sold in this year
  • Buy recommendation and target price unchanged
Underlying
Prosegur Cash SA

Prosegur Cash SA, formerly Prosegur Cit Holding SA, is a Spain-based company engaged in the provision of security services. The Company's activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The Company operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. It operates through Contesta Teleservicios SAU.

Provider
Bankinter S.A.
Bankinter S.A.

Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.

Analysts
Pedro Echeguren

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