More Cash Leaders Report Return to Good Times

Last month, we covered the annual results of five of the major companies in the cash sector – Brinks, Loomis, NCR, Crane Co and Diebold Nixdorf. 2022 was a good year for all bar the latter.

This month is the turn of Prosegur, Spectra Systems and Orell Füssli, all of whom turned in a good performance for the year.

Prosegur bounces back

After a sluggish 2021 with minimal growth in sales and a fall in profitability, Prosegur bounced back in 2022, reporting good results in all markets and activities. Group revenue increased by 19.3% to €4.17 billion, and EBITA by 30.7% to €291 million.

For the Prosegur Cash business, which now operates in 20 countries, sales increased by 23.3% to €1.87 billion. Operating profit increased by 26.8% to €260 million, and net consolidated profit by 185% to €94 million. Growth was seen across all regions.