Prosegur Cash: 1Q18 results preview: solid operating performance undermined by forex
Prosegur Cash: 1Q18 results preview: solid operating performance undermined by forex
Prosegur Cash will release its 1Q18 results on Thursday 3rd May, before the opening. There will be a conference call at 13:00 CET.
- Solid organic growth undermined by forex
- EBITDA margins to continue to increase
- The positives are growth and margins
- Buy recommendation unchanged
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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