Quadient, the leader in business solutions for customer connections, has reported solid profitable growth in the first half of 2023. With a consolidated sales increase of 2.0% organically, the company is on track to achieve its objectives. Subscription-related revenue also saw a positive growth of 4.2% on an organic basis, representing 71% of total revenue.
North America has been a particularly strong market for Quadient, with all three solutions contributing to the 4.4% organic growth in the region. This growth has been driven by improvements in profitability, both in software and lockers.
Quadient’s current EBIT for the first half of 2023 reached €68 million, showing an impressive organic increase of 8.0%. The net attributable income also saw a significant growth of 24.2%, reaching €36 million.
The company’s debt stands at €746 million as of July 31, 2023, with a consolidated leverage ratio of 1.8x, excluding leasing. Quadient’s outlook for the full year of 2023 remains positive, confirming its commitment to growth.
Geoffrey Godet, the CEO of Quadient, expressed confidence in the company’s strategic plan and its ability to deliver sustainable and profitable growth. He highlighted the successful transition to a SaaS subscription model and the strong performance of the software business.
Overall, Quadient’s first half-year results demonstrate the company’s commitment to delivering growth in a profitable manner. With a focus on expanding its customer base and developing integrated solutions, Quadient is well-positioned to achieve its strategic objectives.