Prosegur : No surprises in Q3 2021 results: improved organic growth but margins still low
>Reported sales +6% y-o-y in Q3 2021 (vs +7% in Q2 2021), in line with our expectations. - Group revenues improved +6% y-o-y in Q3 2021 (vs +7% in Q2 2021) as result of the economic recovery, reaching € 898m, in line with our estimates and consensus expectations. There was a lower adverse forex impact this quarter (-1% vs -9% in Q2 2021) with the group posting solid positive organic growth of +6% (vs +8% in Q2 2021). Reported sales at the cash division increased ...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.
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.
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