Quadient: Q1 organic sales growth of 2.1%
(CercleFinance.com) - Quadient has reported consolidated sales of 256 million euros for Q1 2023, representing organic growth of 2.
1% y-o-y.
Sales rose by 10.4% (organic) for the Intelligent Communication Automation division, to E58m, and by +8.7% (organic) for Parcel Locker Solutions. However, the Mail-Related Solutions division saw its sales decline by 1.1% (organic), to E176m.
Quadient saus that sales rose by 5.9% (organic) in North America (E145m) and by 2.9% (organic) internationally (E24m). However, sales declined by 3.8% (organic) in the "main European countries": Austria, Benelux, France, Germany, Ireland, Italy, Switzerland and the UK.
All said, the company confirms its outlook for FY 2023, and is confident in its ability to achieve its annualised growth target of 3% over 2021-2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
1% y-o-y.
Sales rose by 10.4% (organic) for the Intelligent Communication Automation division, to E58m, and by +8.7% (organic) for Parcel Locker Solutions. However, the Mail-Related Solutions division saw its sales decline by 1.1% (organic), to E176m.
Quadient saus that sales rose by 5.9% (organic) in North America (E145m) and by 2.9% (organic) internationally (E24m). However, sales declined by 3.8% (organic) in the "main European countries": Austria, Benelux, France, Germany, Ireland, Italy, Switzerland and the UK.
All said, the company confirms its outlook for FY 2023, and is confident in its ability to achieve its annualised growth target of 3% over 2021-2023.
Copyright (c) 2023 CercleFinance.com. All rights reserved.