Prosegur : Q4 2021 operating results in line with the consensus with still low margins at security
>Reported sales +14% y-o-y in Q4 2021 (vs +6% in Q3), in line with our expectations - Group revenues improved 14% y-o-y in Q4 2021 (vs +6% y-o-y in Q3 2021 +7% in Q2 2021) as a result of the economic recovery reflected in the results of the alarms and cash units, reaching € 963m, in line with our estimates and with the company’s collected consensus. There was a positive forex impact this quarter (+2.7% vs -1% in Q3 2021) with the group posting a solid organic growth 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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