Quadient upgrades its full-year 2020 outlook
21 Gennaio 2021 - 7:00PM
Quadient upgrades its full-year 2020 outlook
Quadient upgrades its full-year 2020
outlook
Paris, 21 January 2021
Quadient (Euronext Paris: QDT), a leader in
helping businesses create meaningful customer connections through
digital and physical channels, today upgrades its full-year 2020
outlook (fiscal year ending on 31 January 2021).
Despite the impact of the lasting COVID-19
situation, and the fiscal year 2020 has not yet concluded,
Quadient’s level of activity during the fourth quarter is
delivering better than expected. This confirms the improved
business trend recorded in the third quarter, driven especially by
stronger sales growth in Parcel Locker Solutions, positively
impacting the Group’s overall organic growth performance. Moreover,
free cash flow generation has been much stronger than initially
anticipated.
Consequently, Quadient now expects for full-year 20201:
- Organic sales decline of around 8% compared to full-year 2019
(vs. around 9% previously stated);
- Current EBIT2 in the range of €140 million to
€145 million3 (unchanged);
- Free cash flow4 above €130 million3 (vs. above
€100 million previously stated).
Geoffrey Godet, Chief Executive Officer of
Quadient, commented: “We are very pleased that our most recently
updated figures for the fourth quarter of 2020 confirm the strong
rebound in revenue trend recorded in the third quarter, despite the
resurgence of the COVID-19 pandemic and its economic impact. Our
upgraded outlook mainly comes as a result of stronger sales growth
in Parcel Locker Solutions, demonstrating the relevance of our
smart lockers for retailers, carriers and property managers as
consumers demand for convenient, efficient and safe solutions to
retrieve deliveries and is compounded by increases in online
shopping. In addition, our ongoing efforts to adapt our operating
expenses and prioritize our growth investments have contributed to
higher free cash flow generation than initially anticipated.”
***
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.
Financial calendar
- 10 February 2021: Education session on Parcel
Locker Solutions (event details to be published
shortly);
- 30 March 2021: Full-year 2020 results and Capital
Markets Day.
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 The indications given up to 2022 as part of the “Back to
Growth” plan remain suspended.
2 Current operating income before acquisition-related
expenses.
3 Based on H1 2020 average exchange rates.
4 Cash flow after capital expenditure.
Grafico Azioni QUADIENT (EU:QDT)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni QUADIENT (EU:QDT)
Storico
Da Apr 2023 a Apr 2024