Narrow-Moat Prosegur Muddles Through Messy 1Q
Narrow-moat Prosegur delivered a mixed set of first-quarter results. While organic revenue growth continued apace, rising 7.4% over the period, a whole host of one-offs dragged down EBITA, bringing the figure slightly below our estimates and those of the Street. We do not anticipate making any material changes to our forecasts at this early point in the year and fully expect much of these one-off effects to moderate or reverse over 2019. We reiterate our EUR 7.10 fair value estimate and see attr...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.