Prosegur Secures a Solid 3Q
Narrow-moat Prosegur delivered a solid third-quarter update in line with our expectations for the full year, with organic revenue growth of 11% across its three businesses and headline revenue growth of 12%. We do not expect to make any material changes to our forecasts on the back of these results, and we maintain our EUR 7.10 fair value estimate for the stock. Following the strong run in the share price over the past five months, we see only moderate upside to our fair value estimate.Despite ...
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.
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