Quadient: Q1 performance in line with expectations

(CercleFinance.com) - Yesterday evening Quadient published consolidated revenues of 253 million euros for Q1 2022, i.
e. an organic decrease of 0.6% y-o-y.

Y-o-y revenues from the Intelligent Communication Automation business grew by 10.7% organically, while revenues from the Mail-Related Solutions business fell by 1.7%, with an organic decline of 17.9% in the Parcel Locker Solutions business.

Quadient nevertheless points out that organic growth recorded in Q1 2022 was affected by a high comparison basis, particularly in Mail-Related Solutions and Parcel Locker Solutions.

In this context, the group says that Q1 performance is in line with expectations. Quadient also confirms an organic growth target of at least 2% for 2022 compared to 2021.


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