Prosegur In the first nine months of 2023, the company generated sales of €3.368 million, up 7% year-on-year. Company increases your income in all geographic regions and shows organic growth of 32.4%.

Prosegur net profit from January to September reaches 63 million euros, In terms of operating margins, EBITA was €234 million, representing an improvement of 12.4%.

In addition, operating cash flow is €154 million. 29.4% improvement The result, reported in the third quarter of 2022, grew more than sales and profitability, demonstrating “strong operating efficiencies,” the company said in a statement.

Evolution through business

Prosegur Cash, a company that covers the entire cash cycle, reported sales of €1.498 million from January to September 2023, up 5.7%. Transformation Initiatives They continue to evolve and penetration of new products is approaching 30%. of total sales. It is worth noting that Prosegur Cash and Linfox Armaguard, Australia’s leading securities logistics company, have completed the merger of their cash management businesses.

For Prosegur Security, its surveillance and technology business, the company posted sales of €1.652 million in the third quarter of 2023, up 9%, with sales increasing in all countries where it operates. Organic growth was 25.9%, driven primarily by activity in the US, Spain and Brazil.

He Alarm business reaches sales of 140 million euros, with organic growth of 53.4%. The total connection base increased by 9%, reaching 854,000 units, of which 478,000 corresponded to Movistar Prosegur Alarms and 377,000 to Prosegur Alarms (operations outside Spain).

AVOS Tech, a business specializing in process outsourcing and digital transformation, increased sales by 8.4%. up to 68 million euros. Finally, Cipher, a cybersecurity business, brought in 11 million, up 5.9%.