The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Miguel Gonzßlez Toquero - JB Capital Markets, Sociedad de Valores, S.A., Research Division - Analyst
: A few questions, if I may. The first one, I wonder if you could give us an indication of what is currently your level of activity in Argentina and Brazil
compared to 2019? Then on full year outlook, I don't know if you could us an indication of how you see the last quarter. Will you see an improvement
compared to the third quarter, or again, the deterioration of the -- due to the new confinements? And last, on dividend, I don't know if you could
give us an indication on the dividend for next year, if you could lower the payout, going directly for an scrip dividend or applying the new reinvestment
program.? I don't know. Any indication on the dividend will be helpful.
Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst
: My first question is regarding the sales sequential improvement quarter-on-quarter. Can you give us the split between organic, inorganic and FX
of the trends of the Q3 stand-alone, please?
Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst
: Okay. Because doing those maths will imply roughly a negative organic evolution on the quarter, which I believe it might be due to the stricter
lockdowns in Latin America as European conditions, more or less, and hopefully, are easy. Is that the way of seeing?
Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst
: Okay. And maybe just one final question. On the free cash flow, it has been consumption of roughly EUR 10 million on the provision and other
items line. Is that the consumption from the work for adjustment plan announced last quarter, or is there any other issue?
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NOVEMBER 05, 2020 / 10:30AM, CASHP.MC - Q3 2020 Prosegur Cash SA Earnings Call
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