Spain · Delayed Price · Currency is EUR Prosegur Compañía de Seguridad Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw solid organic growth, stable EBITDA, and a 15% rise in net profit, with security and APAC/U.S. regions driving performance. Cash generation improved, net debt fell, and strategic investments in digitalization and ESG advanced.
Fiscal Year 2025
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Full year 2025 saw sales rise 0.5% to EUR 4.9 billion and net income surge 53%, driven by strong security and alarm business performance. EBITDA grew 8.9% to EUR 357 million, with robust cash generation despite FX and macroeconomic headwinds in Argentina.
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Growth will be driven by premium positioning, innovation in AI and video, and a focus on high-value, low-churn customers. Financial targets include a 50% increase in customer base by 2030, margin expansion, and strict debt control, with recurring cash flow projected near €250 million by 2029.
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Sales rose 2.5% to EUR 3.7 billion, EBITDA grew 9%, and net income surged 47% year-over-year, driven by strong Security and Alarms performance. Net debt-to-EBITDA improved to 2.3x, and recurring cash flow in Alarms rose 21%.
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Net income surged 80% year-over-year, with total sales up 5% and all business lines showing strong performance. Cash flow and margins improved, driven by organic growth, cost-saving initiatives, and robust results in Security and Alarm segments.
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Q1 2025 saw double-digit organic sales growth, a 43% rise in EBITDA, and a 69% increase in net income, with all business lines and geographies contributing. Security and alarms segments delivered strong margin and cash flow improvements, while leverage and dividend policy remain disciplined.
Fiscal Year 2024
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Sales rose 13.9% to EUR 4.9 billion, with EBITDA up 17% and net income up 24% year-over-year. All segments showed strong organic growth, improved margins, and robust cash generation, while leverage fell to 2.3x EBITDA. Net debt/EBITDA is targeted at 2.0–2.2x for 2025.
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Sales grew 6.4% year-over-year to EUR 3.6 billion, with strong organic growth and improved margins in Security and Alarms. Net debt/EBITDA fell to 2.6x, and further margin and cash flow improvements are expected in 2025, especially in Security.
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Sales rose 6.9% year-over-year to EUR 2.3 billion, with strong organic growth and improved diversification. EBITDA fell 3% due to FX and restructuring, but Security and Alarm segments delivered robust margin and cash flow gains. Leverage is expected to decline by year-end.