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(AOF) – In the first half of the year, Quadient achieved a net income attributable to the group of 24 million euros, down 32.8%. The current EBIT of the group specializing in logistics equipment and mail processing reached 61 million euros, an organic increase of 0.3%. It fell by 6% in published data. The current operating margin stands at 11.5% of sales in the first half of 2024 compared to 12.6% in the first half of 2023.
Revenue came to 534 million euros, representing published growth of 3.2%, including the contribution of the latest acquisitions (Daylight and Frama) and organic growth of 0.8%.
Geoffrey Godet, Chief Executive Officer of Quadient SA, said: “Quadient delivered a solid performance in the first half of 2024, marking a good start in the execution of its new strategic plan, ‘Elevate 2030’, which aims to reach €1 billion in subscription revenue by 2030.”
“Given that the organic growth recorded during the first half of 2024 is in line with the group’s expectations, Quadient confirms that it expects organic growth in revenue and current operating income (current EBIT) over the entire 2024 financial year,” the company said.
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