Prosegur : Q4 preview: negatively impacted by the ARS devaluation
>The Argentinean peso devaluation will take a toll on Q4 results - The company is due to publish its Q4 2023 results on 29 February before the market opens. We expect total sales to decline by -4% y-o-y to € 987m (vs +2% in Q3 and +7% in Q2). This headline sales decline is mainly due to the FX impact from the Argentine peso devaluation in late December 2023 and its translation to the accounts with IAS 29 hyperinflation rules (EURARS@ 906 vs 370 in Q3 2023 vs 144 in ...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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