Interim Results – More Encouraging Signs

Strong Q2 and Half Year for Brinks

Brinks has reported that, for the first half year (to June), revenue (GAAP) totalled $2.49 billion compared with $2.4 billion in FH 2023, an increase of 4% (organic growth 13%) despite a currency impairment of $233 million.

The operating profit (GAAP) of $365 million was 8% higher, despite a currency impairment of $73 million. Non-GAAP operating profit was 16% higher at $301 million, despite a currency impairment of $74 million.

The company had a particularly strong second quarter, with revenue (GAAP) up 3% to $1.25 billion (14% at constant currency) over the same period last year.

The company indicated full year revenue of $5-$5.2 billion and adjusted EBITDA of $935-$985 million.

Growth for Newly-Formed NCR Atleos

In October 2023, NCR Corporation was split into two independent public companies – NCR Voyix, which legally succeeded NCR Corporation, and NCR Atleos, which was formed from the spun off ATM business.