Report
Isabel Carballo

Prosegur : Q4 2021 results to show a faster cyclical recovery in CASH and Alarms

>Adjusting model before earnings reporting on 3 March - Prosegur Group is releasing FY 2021 results on 3 March before the market opens. We are adjusting our models before the earnings reporting to reflect the latest forex movements in the last quarter (with minimal impact of +1% on 2021-2023e EPS for both Prosegur and Prosegur Cash). We also increase the tax rate for 2021e at both companies due to the higher weight of the LatAm business, with a negative -4% impact on ...
Underlying
Prosegur Compania de Seguridad SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Isabel Carballo

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