Report
Isabel Carballo

Prosegur Cash SA : Q4 2021 results to show a faster cyclical recovery in CASH and Alarms

>Adjusting model before earnings reporting on 3 March - Prosegur Group is releasing FY 2021 results on 3 March before the market opens. We are adjusting our models before the earnings reporting to reflect the latest forex movements in the last quarter (with minimal impact of +1% on 2021-2023e EPS for both Prosegur and Prosegur Cash). We also increase the tax rate for 2021e at both companies due to the higher weight of the LatAm business, with a negative -4% impact on ...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch