(CercleFinance.com) – The Quadient group publishes this evening a consolidated turnover of 793 million euros for the first 9 months of 2022, up 5.6% in published data compared to the first 9 months of 2021.
This increase reflects organic growth of 0.8%, a positive exchange rate effect of +6.7% and a negative scope effect of -2.2%, the group indicates.
In the 3rd quarter alone, consolidated revenue came to 270 million euros, up 8.8% as reported and organic growth of 1.0% compared to the third quarter of 2021.
Nevertheless, given the lower than expected third quarter revenue level for Parcel Locker Solutions and the uncertain level of the fourth quarter order backlog reduction, the organic growth expected for the full fiscal year 2022 is now expected over 1% versus over 2% previously expected.
Finally, the Group now expects a current EBIT for the whole of 2022, down organically from a ‘low to mid-single digit’ level compared to 2021, whereas it had so far anticipated organic growth at ‘ low to mid-single digit’.
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