Prosegur : Q1 2023 EBITDA results in line, net debt expands € 96m q-o-q
>Organic growth remains at a double-digit pace - Group sales accelerated to +13% y-o-y in Q1 (vs +7% in Q4 2022, +28% in Q3 2022 and +27% in Q2 2022), reaching € 1.1bn, aligned with both our estimate and that of the consensus. There was a material negative forex impact (-13pp vs -23pp in Q4 2022) with the group still posting a very solid organic growth of +24% (vs +26% in Q4 2022, +26% in Q3 2022 and +20% in Q2 2022). Reported sales for the cash division increased +16...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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