Turnover increased by 13.1% compared to 2022, with 23.6% corresponding to pure organic growth, 2.2% to inorganic growth, while the joint effect of the exchange rate and the result of applying IAS 29 and IAS 21.42 has meant a negative impact of 12.7%.
The adjusted EBITA increased by 22.7% compared to financial year 2022, reaching EUR 73.6 million, with a margin on sales of 6.9%.
The consolidated net profit/(loss) reached EUR 12.7 million, representing a 19.8% increase with respect to 2022.
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PROFIT/(LOSS) FIRST QUARTER
Interim financial statements (January - March 2023)
1. Performance of the business
Details of the business performance of the main consolidated income statement items for the period January-March 2023 and their comparison for the period January-March 2022 is detailed below:
Sales
Prosegur sales during the period from January to March 2023 totalled EUR 1,070.9 million, compared to EUR 946.9 million during the same period in 2022. This means an increase of 13.1% corresponding to a 23.6% increase of pure organic growth, a 2.2% increase to inorganic growth due to the acquisitions made by Prosegur in 2022, while the joint effect of the exchange rate and the result of applying IAS 29 and IAS 21.42 resulted in a decrease of 12.7%.
The inorganic growth relates mainly to Change Group acquisitions made during 2022, with presence in Europe, and likewise with the acquisitions made in Germany and Ecuador in 2022. All acquisitions begun to form part of the consolidation scope as of the same month of their acquisition.
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Prosegur Compañía de Seguridad SA published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 06:22:03 UTC.
Prosegur Compania de Seguridad SA is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into business segments: Integrated Security Solutions (ISS), Cash in Transit (CIT) and Alarms. The ISS division provides surveillance and protection of premises, property and persons, as well as activities related to technological security solutions. The CIT division offers transportation, storage, safekeeping, counting and classification of coins and banknotes, deeds, securities and other goods that require special protection. The Alarms division comprises installation and monitoring of home alarms. The Company operates through numerous subsidiaries in Europe, Latin America, Asia, Africa and Australia. It is controlled by Gubel SL.
PROSEGUR COMPAÑÍA DE SEGURIDAD, S.A. 
