Positive Picture for Cash Companies Continues in 2024 (Part 2)

Last month, we covered the annual results of four of the major companies in the cash sector – Crane NXT, Brinks, Loomis, and Diebold Nixdorf, all of which turned in a respectable performance, showing that the challenges of the COVID years are now a thing of the past.

This month is the turn of NCR Atleos, Prosegur, Orell Füssli and Koenig & Bauer. Again, all turned in a positive performance for the year, or at least are heading in the right direction.

First year report for NCR Atleos

NCR Atleos became a stand-alone publicly traded company in October 2023, when it was spun out of what is now NCR Voyix. Its 2023 financial results derived from NCR Voyix’s consolidated financial statements and accounting records, and so may not be meaningfully comparable with those of 2024.

That said, NCR Atleos’ strong fourth quarter enabled it to report a successful first year. Revenue grew by 3% to $4.31 billion, with operating profit (adjusted EBITDA) increasing by 7% to $791 million, and an increase in operating margin from 17.5% to 18.1%.