Prosegur Cash: 2018 results preview: Solid organic growth shadowed by currency depreciation
Prosegur Cash: 2018 results preview: Solid organic growth shadowed by currency depreciation
- Prosegur Cash will announce its 2018 results on Thursday 28th November before the opening. There will be a webcast at 12:00h CET on
- Sales to increase moderately in 4Q18e
- That leads to a –10.6% sales decline in 2018e after –15.2% in 9M18
- Lower earnings
- Target price raised
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.
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.
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