Prosegur Cash slides on FX headwinds

** Shares of Prosegur Cash CASH slide around 6% after the Spanish provider of cash management solutions on Monday reported first-half results that were impacted by exchange rates

** Renta 4 Banco notes that the Q2 results show a certain slowdown in organic growth and a strong impact of exchange rate variations which have reduced revenues

** It also points out that the second quarter showed a significant decline in terms of margins

** Despite the company's positive H2 outlook, the broker adds its 8% revenue forecast, made at constant exchange rates and in line with what the company was posting in 1Q25, is "far from the current reality"

** Share on track for its worst day since March 2022, if losses hold

** Up to the previous session's close, shares were up 53.3%​ year-to-date