Q1 2025 Prosegur Cash SA Earnings Call Transcript
Key Points
- Prosegur Cash SA (XMAD:CASH) reported a strong sales growth of nearly 10% in euro terms, with a robust 13.3% organic growth, indicating the health of its underlying business.
- The Asia Pacific region showed remarkable performance with sales increasing by over 150% year-on-year, driven by the consolidation of Indian operations and over 40% organic growth.
- EBITA margin improved to 11.8% of sales, representing a 110 basis points increase compared to the previous year, with an absolute improvement of 20.9%.
- The company's transformation products now account for 33% of total sales, showing a 14.1% growth, highlighting the success of its diversification and transformation strategy.
- Prosegur Cash SA (XMAD:CASH) maintained a stable leverage ratio of 2.3 times, with a reduction in net financial debt by EUR13 million over the last 12 months.
- The company faced a negative impact on sales due to exchange rates, particularly from Latin American currencies influenced by the US dollar, which negatively impacted sales by 8%.
- Europe's sales growth was below 1%, affected by one-offs and calendar effects, such as the Easter period falling in different quarters compared to the previous year.
- Despite strong organic growth, the Asia Pacific region's performance was partly due to a change in perimeter, which may not be sustainable at the same high growth rate in the future.
- The financial result increased by EUR1 million, reaching EUR12 million, which could indicate rising financial costs.
- The tax rate remained high at 45%, although it showed a slight improvement of 150 basis points compared to the previous year.
Good morning to everyone, and thank you for joining today's call. I'd like to welcome everyone to our 2025 Q1 to be done by our CFO, Javier Hergueta and myself. The presentation should take around 30 minutes, during which we will see key developments affecting our business and their influence in our performance. Then we'll move to our key financials, followed by our performance by region, as well as our transformation progress to finalize with some key conclusions. After we'll open the Q&A session.
Should we not get to respond to everything today, we'll get back to you on any open topics on an individual basis. I want to thank you all for your attendance and remind you that this presentation has been prerecorded and is available via webcast on our corporate webpage at www.prosegurcash.com.
Before handing over to Javier, I'd like to share some interesting and recent news regarding cash to go from the recommendation by the EU to its citizens to have an
| 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
