(AOF) – Quadient generated revenue of 261 million euros in the first quarter of 2024, up 3.2% in published data, including the contribution of the latest acquisitions (Daylight and Frama) and organic growth of 1%. “This growth was driven by the good performance of software activities, including a strong acceleration in the recurring annual revenue base which reached 215 million euros, an organic increase of 17% on an annualized basis compared to the end of the year 2023”, explains Geoffrey Godet, CEO of Quadient.
In addition, Quadient confirms its financial forecasts for the 2024 financial year and continues to expect organic growth in its turnover and current operating income excluding acquisition-related charges.
“With organic sales growth in the first quarter of 2024 in line with expectations and solid order intake during the period, the 2024 financial year is off to a positive start for Quadient. Additionally, the second half of 2024 will benefit from a strong base easier comparison for software solutions and parcel lockers, due to the end of the negative impact of the postponement in the implementation of the two major SaaS contracts and the change in commercial agreement with Yamato, which occurred at the start of the second half of the year 2023″, explains the specialist in logistics equipment and mail processing.
Quadient will provide more information on its medium-term prospects during its next Capital Markets Day which will be held on June 19.
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