(AOF) – Quadient fell 10.59% to 13.08 euros, posting one of the largest drops in the SBF 120 index. The supplier of equipment and software for customer relationship management table has lowered its financial objectives for the year 2022 after recording weak organic growth in the third quarter.
The supplier of equipment and software for customer relationship management is now counting on growth in its turnover of more than 1% for the current financial year, and a drop in its operating profit (Ebit) “in the low-single-digit range”, in organic data.
Quadient previously targeted organic sales growth of more than 2%, as well as organic growth of between 1% and 5% (“low-to-mid-single digit”) for its current operating income (excluding acquisition-related charges). .
In the third quarter, sales amounted to 270 million euros, up 8.8% as reported and 1% at constant currency and perimeter, against a consensus of 255 million euros. euros for the quarter ended at the end of October.
Customer relationship management software solutions did well, up 6.3% to 58 million euros, while the legacy mail management business recorded an organic decline of 0.6%. , at 176 million euros.
“After a disappointing third quarter for Parcel Locker Solutions in the United States, the deployment of existing contracts and the contribution of new projects should enable a return to strong growth in the fourth quarter,” Quadient said in its press release.
“However, weaker than expected third quarter revenue growth, as well as the impact of wage inflation and new product launch investments that are weighing on margins (as was the case in first half of 2022), lead to a more cautious approach to forecasting operating profitability,” added the group.
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