Prosegur : Q3 preview: FX and Australia’s deconsolidation offset a solid organic evolution
>Headwind from deconsolidation in Australia and FX vs tailwind from America - The company is due to publish its Q3 2023 results on 30 October before the market opens. We expect total sales to grow +2% y-o-y to € 1.2bn (vs +7% in Q2 and +13% in Q1). The soft headline sales momentum is namely due an FX headwind (EURARS @ 370 in Q3 2023 vs 144 in Q3 2022) and the deconsolidation of its Australian business (as of September 2023) which will now be equity accounted, masking...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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