Prosegur : Q1 2022 operating results in line with the consensus with security sales recovering fast but margins still low
>Reported sales +18% y-o-y in Q1 2022 (vs +14% in Q4), somewhat above our estimates and the consensus - Group sales improved +18% y-o-y in Q1 2022 (vs +14% in Q4 2021), reaching € 947m, 7% above our estimates and 4% above the company’s collected consensus. There was a marginal positive forex impact this quarter (+0.3% vs +2.7% in Q4 2021) with the group posting a solid organic growth of +16% (vs +10% in Q4 2021). Reported sales for the cash division increased +19% y-o...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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