"The economists Gerhard Rösl and Franz Seitz, who have analyzed the evolution of the demand for cash during different crises (Y2K, Great Financial Crisis, Covid-19), conclude that there is an evident increase in global cash in circulation in times of uncertainty".
Source: Rösl & Seitz (2021)
Uri Snowstorm in Texas Demonstrates Cash Resilience in Disaster Recovery Situations.
"Continuous natural disasters and technological failures
demonstrate the need to have a payment solution that does not require technological or electrical infrastructure to be functional in the light of digital failures".
Source: Cashessentials, New York Times
The EESC calls for preserving access to cash
and ensuring its acceptance in Europe.
"The European Economic and Social Committee ensures that it is crucial to preserve access to cash and
guarantee its acceptance since it continues to be the preferred means of payment for consumers at their points of sale and in transactions between individuals".
Source: European Economic and Social Committee
Sweden Plans Expansion of its Cash
Infrastructure for security reasons.
"It is expected that between 2021 and 2022, both the Central Bank (Riksbank) and the various commercial banks are expected to increase the number of cash centers and
install new ATMs to guarantee access to cash".
Source: Riksbank
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Highlights of the Period
Main themes
1. Highlights of the Period Javier Hergueta - CFO
AgilityConsolidation
▪ Local currency growth (1)
▪ Positive contribution from M&A
remained almost flat despite
carried out in 2020.
lockdowns impact.
▪ Divestment of AVOS business in
▪ EBITA margin reached 15.8% in
Spain completed in March 2021
3M 2021 (9.9% underlying).
(EV 67 M€).
Transformation
New products ended in 22.1% of total sales (18.2% in 3M 2020).
Strategic partnering with Banco Santander to promote CASH TODAY in Spain.
Local currency growth was broadly flat despite the lower activity resulting from severe lockdowns in Europe and, to a lesser extent, in LatAm.
Underlying margins impacted by the lower activity in Europe and the translational effect of the currency.
Gradual improvement during 3M 2021. Going forward, we should benefit from a less demanding comparable base and a milder currency effect.
(1) Includes organic and inorganic growth; (2) Underlying EBITA excludes capital gains from 2021 divestments (20 M€).
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Prosegur Cash SA published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 18:44:10 UTC.
Prosegur Cash SA, formerly Prosegur Cit Holding SA, is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into three business areas: Logistics, Cash management and Outsourcing. The Logistics division focuses on the provision of local and international transport services of cash and other valuable goods. The Cash management division offers counting, processing, custody, preparation and delivery of notes and coins, as well as replenishment of automatic teller machines (ATMs). The Outsourcing division includes a number of support financial services, such as automation of retail operations through self-service cash automatization machines (MAEs), ATMs management, as well as branch forecasting, reconciliation, settlement and credit card support services. The Company operates through own branches and joint ventures in Europe, Central and South America, Africa, Asia and Australia. It operates through Contesta Teleservicios SAU.
PROSEGUR CASH, S.A. 
