(AOF) – Quadient unveiled net income group share of 13 million euros, down 84.9%. This year, the group took into account 70 million euros of non-monetary exceptional charges, mainly related to the loss of value recorded on goodwill and depreciation of real estate assets. Recurring EBIT reached €150 million, up 2.2% as reported and down 4.8% organically. Quadient thus posted a stable margin of 14.3%, excluding the impact of the application of the new IFRIC rule.
Revenue reached 1.081 billion euros, representing organic growth of 1.4%, including 3.1% in the fourth quarter. In published data, it grew by 5.6%, including a positive exchange rate effect of 6.2% (i.e. 64 million euros) and a negative scope effect of 2.1% (i.e. -21 million euros). euro).
Free cash flow after investments amounted to 70 million euros, despite an increase in the financing of the portfolio of equipment leased to customers compared to 2021.
Quadient is proposing a dividend of 0.60 euros per share for the 2022 financial year, up 9%. Subject to approval by the general meeting of shareholders scheduled for June 16, 2023, this dividend will be paid in a single cash payment on August 7, 2023.
“Two years after launching the second phase of our strategic plan, we have reached a decisive turning point in the evolution of the group’s scope with the disposal of our last non-strategic activities”, declared Geoffrey Godet, CEO of Quadient.
This year, organic revenue growth is expected to be around 3%. Over the entire 2021-23 period, the objective of an average annual organic growth rate in revenue of at least 3% is confirmed.
Organic growth in current EBIT is expected to be around 10% in 2023. Over the entire 2021-23 period, Quadient confirmed its objective of average annual organic growth in current EBIT at a level of at least equal to “mid-single digit”, i.e. at least 5%.
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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.