Report
Isabel Carballo

Prosegur Cash SA : Q4 2021 results show sequential improvement, in line with expectations

>Reported sales 19% y-o-y in Q4 2021 (vs +6% in Q3), with 15% organic growth excluding forex - Q4 2021 revenues increased by 19% y-o-y in Q4 2021 (vs +6% in Q3) to € 437m, in line with our estimates and somewhat ahead of the company’s collected consensus (+6%), with a positive forex impact this quarter (+2.1% y-o-y this quarter vs -2.7% in Q3 and -10% in Q2). Organic growth showed the benefit of the end of pandemic restrictions in Europe and LatAm and better consumer...
Underlying
Prosegur Cash SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Isabel Carballo

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