Prosegur : Solid Q3 2022 operating results that beat our numbers but are in line with consensus
>Sales beat our estimates yet remain broadly aligned with the consensus - Group sales accelerated to +28% y-o-y in Q3 (vs +27% in Q2), reaching € 1.1bn, 12% above our estimate and 3% above consensus. There was a slightly negative forex impact (-2pp vs +4pp in Q2) with the group posting a very solid organic growth of +26% (vs +20% in Q2 and +16% in Q1). Reported sales for the cash division increased +31% y-o-y in Q3 (vs +36% in Q2), with organic sales at +27% (vs +27% ...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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