Report
Juan Ros-Padilla ...
  • Luis de Toledo Heras

Prosegur Cash SA : Q4 2022 preview: margin recovery lagging the top line bounce-back

>Q4 2022 earnings preview - The company is due to publish its Q4 2022 results on 28 February before the market opens followed by a conference call to be held at 11.30 a.m. CEST. FY 2021 figures will likely be restated by hyperinflation accounting standards (IAS 29), please note that our y-o-y growth estimates are based on the non-restated numbers. We expect reported sales to deteriorate in q-o-q terms, delivering +16% headline growth to € 506m (vs +37% headline, +34% ...
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
Juan Ros-Padilla

Luis de Toledo Heras

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