- The Company's net profit falls by 19% to €36 million

- Currency devaluation of 6.9%, compared to 0.6% in the same period one year previously (most notably the Brazilian Real and the Argentine Peso) impact on total sales

Madrid, 7 May 2013. - In the first quarter of the year, turnover at Prosegur totalled €919 million, up 9.6% year-on-year. Furthermore, the Company recorded 7% organic sales growth in the period.

The Company's consolidated net profit in the quarter totalled €36 million, a 19% year-on-year decrease. Among other reasons, this was due to the depreciation generated by the acquisitions undertaken last year. EBITDA rose by 9.4% to €108 million, while EBIT registered a light 2.6% year-on-year increase to stand at €77 million.

By geographical area, sales in Europe-Asia were in line with the first quarter of 2012, totalling €366 million, almost 1% more than the previous year. Despite the adverse macroeconomic situation, the EBIT margin held steady at 2.8%, and rose slightly in Germany, in keeping with the goals set. In Latin America, turnover jumped 16.3% to reach €553 million. The EBIT margin in the region reflected the impact of currency devaluation, especially the Brazilian Real and the Argentine Peso.

Despite the decline in net profit in the first quarter, Prosegur continued to consolidate its position as the sector benchmark in the markets where it operates. The Company, which last year saw its revenues increase on the back of its inorganic growth policy, intends this year to consolidate growth, repay debt and improve margins.


Historic €500 million bond issue
In the first three months of 2013, Prosegur completed the issuance of five-year bonds amounting to €500 million, which guarantees the Company's financing going forward.

Prosegur bonds, accruing 2.75% annual interest, were well-received in the market, posting the lowest price on record in the Iberian Peninsula. Prosegur is also the only private security company in the world whose long- and short-term debt is rated stable investment grade (BBB and A-2, respectively) by rating agency Standard & Poor's.

Performance of Prosegur's three business lines: Guarding, Cash in Transit and Technology.
The Company has three business lines, Guarding, CiT and Technology, through which it provides comprehensive security services.

In the first quarter of 2013, Prosegur's Guarding division reported turnover of €421 million, more than 9% higher than in the first quarter of 2012. By region, the business in Europe-Asia declined by less than 2%, while in Latin America it grew by almost 24% to reach €203 million.

The Cash in Transit business, in turn, reported turnover of €390 million in the first quarter of 2013, i.e. 8% higher than in the same period one year previously. The Europa-Asia business remained stable, recording sales of €91 million, while in Latin America it grew by almost 11% to total €299 million.

Lastly, Prosegur's Technology business, which encompasses the development of integrated security and fire protection systems as well as alarms for households and small businesses, obtained more than €108 million in revenues, an increase of almost 18% compared with the same period in the previous year. By geographical area, in Europe-Asia, the Company invoiced €56 million, 14% more than the previous year, while in Latin America the Company recorded revenues of €52 million, a 22% year-on-year increase.

Prosegur, the responsible private security company
Prosegur has just presented its integrated 2012 annual report, detailing the main landmarks achieved and projects implemented last year. This document evidences the Company's commitment to reporting and financial transparency, one of the remarkable aspects of Prosegur's corporate responsibility policy.

In this context, with the aim of creating sustainable value in the long term, the Company has been a member of the United Nations Global Compact since 2002, and is a partner and member of the Executive Committee of the Global Compact's Spanish Network. Furthermore, it is a member of the FTSE4Good IBEX sustainability index, enabling responsible investors to identify and invest in those companies that meet global corporate responsibility standards.

Likewise, the company channels its social action projects through the Fundación Prosegur, focusing on the spheres of education, the integration of disabled people and corporate volunteering.

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