(AOF) – Quadient, specializing in logistics equipment and mail processing, reported consolidated revenue growth of 2%, reaching 785 million euros during the first nine months of the 2023 financial year . Turnover from North America (57% of the group’s turnover) amounted over this same period to 447 million euros, organic growth of 4.4% and an increase of 1.1% in published data.
The main European countries (33% of the group’s turnover) achieved a turnover of 263 million euros, which represents an organic decline of 2.9% and a decline of 1.4% in data published.
For the third quarter of 2023, Quadient’s consolidated turnover amounted to 263 million euros, organic growth of 2%.
In published data, turnover decreased by 2.6% compared to the third quarter of 2022, including a negative currency effect of 13 million euros and a positive scope effect of 1 million euros. The change in scope relates to the acquisition of Daylight in September 2023.
“Organic growth for the 2023 financial year is expected at a level generally in line with that recorded during the first nine months, namely 2% taking into account current macroeconomic conditions.
The group’s annual guidance is therefore adjusted to around 2% compared to around 3% previously expected and the objective for the period 2021-2023 is also revised accordingly”, specifies Quadient in a press release, adding that the organic growth of current operating income excluding charges linked to acquisitions, 2023 remains expected at around 10%.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
