(AOF) – In the first quarter of 2023, Quadient’s consolidated revenue reached 256 million euros, representing organic growth of 2.1% compared to the first quarter of 2022. business grew by 1.3%, including a positive exchange rate effect of +0.6% (i.e. +1 million euros) and a negative scope effect of -1.4% (i.e. -3 million euros). euros). The changes in scope relate to the sale of the Graphics activities in the Nordic countries and that of the Shipping activity in France, both of which took place in June 2022.
North America revenue (57% of Group revenue) amounted to €145 million, up 5.9% organically and 8.1% as reported .
The main European countries (34% of Group revenue) achieved revenue of 86 million euros, which represents an organic decline of 3.8% and a decline of 2.8% reported .
The International segment (9% of Group revenue) reached €24 million, recording organic growth of 2.9%, continuing the positive trend observed throughout the 2022 financial year.
Quadient confirms its outlook for the 2023 financial year. Organic revenue growth for 2023 is expected at around 3%.
Organic growth in current operating income excluding charges related to 2023 acquisitions is expected at around 10%.
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German autonomy not so simple
China has been Germany’s leading economic partner for six years. However, across the Rhine, companies are called upon to reduce their heavy dependence on the Asian giant due to a rise in geopolitical tensions with the country. In this context, the powerful VDMA points out the importance of the Chinese market and the danger that a too sudden termination of ties with China would represent. The country is, in fact, the second export market and the first investment destination for German mechanical and industrial engineering. The federation nevertheless recognizes the need to diversify the trading partners of the German economy.