Prosegur: LatAm depreciation to take a heavy toll on the 1H18 results
Prosegur: LatAm depreciation to take a heavy toll on the 1H18 results
- Prosegur will report its 1H18 results on Friday, 27th July.
- Strong +7% organic growth eroded by –16% forex leads to a –8% sales decline
- Higher margins and lower financial expenses
- Recommendation: Buy
Prosegur, Compania de Seguridad and its subsidiaries are engaged in the provision of security guards and related services; fund transport and handling through a fleet of armored vehicles; alarm and electronic security systems; distribution and auxiliary services, including storage, logistics and distribution services; document transport and courier services; cleaning services and temporary employment. Co. is also engaged in security consulting and external training.
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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