Q3 2024 Prosegur Cash SA Earnings Call Transcript
Key Points
- Prosegur Cash SA (XMAD:CASH) reported a 1.7% increase in sales in EUR terms, with organic growth reaching 2.2% when excluding inorganic operations.
- The company achieved a free cash flow generation of EUR 63 million in Q3, bringing the year-to-date figure to EUR 92 million, indicating strong cash flow performance.
- Net profit increased by 4.1% due to lower financial costs and a reduced tax rate, despite challenges in EBITA.
- Transformation products have increased their penetration to 32.1% of total sales, showing a 12.7% growth on a like-for-like basis.
- Prosegur Cash SA (XMAD:CASH) has reduced its net financial debt by EUR 28 million, showing a positive trend in leverage ratio improvement.
- Currency devaluation, particularly in Argentina, continues to negatively impact financial results, affecting EBITA and sales growth.
- The EBITA margin decreased compared to the previous year, primarily due to currency effects and restructuring costs in Australia.
- Sales in Latin America, which represent 61% of total sales, decreased by 1% due to significant currency impacts.
- The Asia Pacific region saw a 6.1% decrease in revenues, driven by the deconsolidation of Australian operations.
- Despite improvements, the total net debt to EBITA ratio remains at 2.9 times, still affected by previous year's challenges.
© -
Good morning to everyone and thank you for joining today's call. I would like to welcome you to our 2024 Q3 results presentation that will be led by our CFO Javier Hergueta and myself.
The review will last around 30 minutes each. We will share the main events relating to our business that have taken place in the period and how they have driven our performance. We will comment on our key financials, our geographical performance and our transformation effort after we will open a Q&A session, and should we not get to respond to everything today? We'll get back on remaining topics on an individual basis.
I want to again thank you all for your attendance and remind you that this presentation has been prerecorded and is available via webcast on our corporate web page that you can find at www.prosegur.com.
Now, before letting the floor to Hergueta, I would like to share some news regarding cash that have lately appeared in the media.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
