(AOF) – Quadient revealed a net profit group share of 36 million euros, up 24.2% and a current Ebit of 68 million euros, an organic increase of 8%. The latter benefited from the improvement in the profitability of software and parcel locker activities. “The shift in our model towards subscription formulas in SaaS mode is coming to an end,” explained the Managing Director, Geoffrey Godet. The current EBIT margin rose to 13% compared to 12.5% a year earlier.
Turnover reached 522 million euros, organic growth of 2%. It fell by 0.3% in published data. Subscription-related revenues recorded organic growth of 4.2% and represented 71% of total revenue.
“We are confident in the continuation of our organic growth trajectory during the second half, both in terms of turnover and current EBIT, allowing us to successfully close our strategic plan,” said declared the Director General.
Organic growth in 2023 revenue is expected at around 3% and organic growth in current operating income excluding acquisition-related charges for 2023 is anticipated at around 10%.
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Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.