Prosegur Company Report
Narrow-moat Prosegur delivered a set of full-year results decimated by adverse currency movements but very much in line with our expectations for the period. Organic revenue growth came in at 6.5%, partly weighed down by some temporary effects, while the company’s Latin American currency exposure, particularly that to hyperinflation-hit Argentina, impacted by more than 16%, the highest level in a decade. We do not anticipate making any material changes to our forecasts on the back of these numbe...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.
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