Quadient revises upwards its full-year 2020 free cash flow outlook
10 Marzo 2021 - 8:15AM
Quadient revises upwards its full-year 2020 free cash flow outlook
Quadient revises upwards its full-year
2020 free cash flow outlook
Paris, 10 March 2021
Quadient (Euronext Paris: QDT), a leader in
helping businesses create meaningful customer connections through
digital and physical channels, today revises upwards its free cash
flow1 outlook for the full-year 2020 (fiscal year ended on
31 January 2021). Free cash flow is now expected to be above
€160 million versus above €130 million previously stated,
which will have a positive impact on Quadient’s leverage.
This revised free cash flow outlook primarily
comes as a result of tight working capital management, combined
with continued monitoring of operating expenses and investments, as
well as a good level of activity at year-end.
Quadient confirms that, as stated on
21 January 2021, it recorded an improved level of activity
during the fourth quarter ended on 31 January 2021, despite
the resurgence of the restrictions due to the COVID-19
pandemic.
Based on this performance, Quadient now expects
that its full-year 2020 organic sales decline should be slightly
better than the around 8% indicated last January, and consequently
expects its full-year 2020 current EBIT2 to be around the high end
of the range of €140 million to €145 million3 previously
stated.
In summary, Quadient now expects for full-year
20204:
- Organic sales decline to be slightly better
than the around 8% previously stated;
- Current EBIT2 to be around the high end of the
range of €140 million to €145 million3 previously
stated;
- Free cash flow1 to be above €160 million3
versus above €130 million previously stated.
***
Financial calendar
§ 30 March 2021: Full-year
2020 results and Capital Markets Day.
***
About Quadient®Quadient is the
driving force behind the world’s most meaningful customer
experiences. By focusing on four key solution areas including
Customer Experience Management, Business Process Automation,
Mail-Related Solutions, and Parcel Locker Solutions, Quadient helps
simplify the connection between people and what matters. Quadient
supports hundreds of thousands of customers worldwide in their
quest to create relevant, personalized connections and achieve
customer experience excellence. Quadient is listed in compartment B
of Euronext Paris (QDT) and is part of the CAC® Mid & Small and
EnterNext® Tech 40 indices.
For more information about Quadient, visit
https://invest.quadient.com/en-US.
Contacts
Laurent Sfaxi, Quadient+33 (0)1 45 36 61
39l.sfaxi@quadient.comfinancial-communication@quadient.com |
OPRG FinancialIsabelle Laurent / Fabrice Baron+33
(0)1 53 32 61 51 /+33 (0)1 53 32 61
27isabelle.laurent@oprgfinancial.fr
fabrice.baron@oprgfinancial.fr |
Caroline Baude, Quadient+33 (0)1 45 36 31
82c.baude@quadient.com
1 Cash flow after capital expenditure.2 Current operating income
before acquisition-related expenses.3 Based on H1 2020 average
exchange rates.4 The indications given up to 2022 as part of the
“Back to Growth” plan remain suspended.
The audit of the full-year 2020 financial statements is
currently performed by the statutory auditors.
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