(CercleFinance.com) – Quadient publishes this evening a consolidated turnover of 524 ME for its 1st half of 2022, a figure up 4% compared to the same period a year earlier (or +0.7% in organic growth).
In the 2nd quarter, sales amounted to 271 ME, up 5.4% on a reported basis and organic growth of 2%.
On the other hand, current half-year EBIT stood at 65 ME, down 7.1% compared to the 1st half of 2021.
‘The current inflationary context has weighed on the profitability of the Group, which has increased salaries to attract and retain talent and which has also returned, post-Covid, to a level of marketing expenses and normalized travel expenses’, justifies Quadient.
Net income, group share, for its part, was down 35.6%, at 29 ME, which represents EPS of 0.75 euro, against 1.19 euro a year earlier.
For the full 2022 financial year, Quadient expects organic revenue growth of more than 2% compared to 2021.
Furthermore, the expected organic growth of current EBIT is also confirmed at a ‘low to mid-single digit’ level.
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