Prosegur Cash (BME:CASH) Third Quarter 2024 Results
Key Financial Results
- Revenue: €524.9m (up 1.2% from 3Q 2023).
- Net income: €25.9m (flat on 3Q 2023).
- Profit margin: 4.9% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Prosegur Cash Earnings Insights
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Europe.
Performance of the market in Spain.
The company's shares are down 3.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Prosegur Cash (1 can't be ignored) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BME:CASH
Prosegur Cash
Provides cash cycle management solutions and automating payments in retail establishments, ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores.
Undervalued with high growth potential.
