Quadient: H1 earnings up 24%
(CercleFinance.com) - Quadient has reported a 24.
2% increase in H1 net income to E36m, with 8% organic growth in current EBIT to E68m, thanks to improved profitability in its software and parcel delivery businesses.
Sales totaled E522m, up 2% organically, including a 4.2% increase in subscription-related revenues, which represented 71% of the total, and a strong performance in North America (+4.4% in organic terms).
Quadient confirms its guidance for 2023, i.e. organic sales growth of around 3% and around 10% organic growth in current EBIT, excluding acquisition-related expenses.
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