Quadient SA: FY 2024 results: Solid 1st year delivery of “Elevate to 2030” strategic plan, with Digital Solution achieving €267m in revenue and 61% EBITDA growth to €47m
For more information about Quadient, visit Contacts Anne-Sophie Jugean, Quadient+33 (0)1 45 36 30 24as.jugean@quadient.com financial-communication@quadient.com OPRG FinancialFabrice Baron+33 (0)6 14 08 29 81fabrice.baron@omnicomprgroup.com APPENDIX Digital: New name for Intelligent Communication Automation Mail: New name for Mail-Related Solutions Lockers: New name for Parcel Locker Solutions FY 2024 and Q4 2024 consolidated sales FY 2024 consolidated sales by geography In € million 2024 2023 Change Organic change North America 632 607 +4.0% +2.8% Main European countries(a) 369 354 +4.5% (2.0)% International(b) 92 101 (9.7)% (5.4)% Group total 1,093 1,062 +2.8% +0.4% Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries Q4 2024 consolidated sales by Solution In € million Q4 2024 Q4 2023 Change Organic change Digital 73 65 +11.5% +10.1% Mail 196 196 (0.3)% (4.6)% Lockers 27 22 +20.2% +8.0% Group total 295 284 +4.1% (0.2)% Q4 2024 consolidated sales by geography In € million Q4 2024 Q4 2023 Change Organic change North America 171 160 +7.0% +2.5% Main European countries(a) 100 97 +3.3% (2.9)% International(b) 24 27 (10.7)% (6.9)% Group total 295 284 +4.1% (0.2)% Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries Financial statements - Full-year 2024 Consolidated income statement In € million FY 2024(period ended on 31 January 2025) FY 2023(period ended on 31 January 2024) Sales 1,093 1,062 Cost of sales (275) (274) Gross margin 818 788 R&D expenses (63) (63) Sales and marketing expenses (287) (275) Administrative and general expenses (187) (176) Service and support expenses (116) (109) Employee profit-sharing, share-based payments and other expenses (10) (7) M&A and strategic projects expenses (8) (11) Current operating income 146 147 Optimization expenses and other operating income & expenses (23) (15) Operating income 123 132 Financial income/(expense) (39) (31) Income before taxes 84 101 Income taxes (17) (17) Share of results of associated companies 1 (0) Net income from continued operations 68 84 Net income of discontinued operations (0) (14) Net income 67 70 Of which: Minority interests 1 1 Net attributable income 66 69 Simplified consolidated balance sheet AssetsIn € million FY 2024(period ended on 31 January 2025) FY 2023(period ended on 31 January 2024) Goodwill 1,131 1,082 Intangible fixed assets 119 121 Tangible fixed assets 170 156 Other non-current financial assets 65 65 Other non-current receivables 2 2 Leasing receivables 623 598 Deferred tax assets 38 17 Inventories 75 67 Receivables 240 228 Other current assets 79 84 Cash and cash equivalents 367 118 Current financial instruments 1 2 Assets held for sale 0 9 TOTAL ASSETS 2,910 2,550 LiabilitiesIn € million FY 2024(period ended on 31 January 2025) FY 2023(period ended on 31 January 2024) Shareholders’ equity 1,113 1,069 Non-current provisions 12 12 Non-current financial debt 722 715 Current financial debt 347 66 Lease obligations 38 46 Other non-current liabilities 3 2 Deferred tax liabilities 101 104 Financial instruments 5 5 Trade payables 104 79 Deferred income 223 212 Other current liabilities 242 225 Liabilities held for sale 0 15 TOTAL LIABILITIES 2,910 2,550 Simplified cash flow statement In €millions FY 2024(period ended on 31 January 2025) FY 2023(period ended on 31 January 2024) EBITDA 247 244 Other elements (15) (19) Cash flow before net cost of debt and income tax 233 225 Change in the working capital requirement 9 (6) Net change in leasing receivables (7) (0) Cash flow from operating activities 235 219 Interest and tax paid (67) (55) Net cash flow from operating activities 168 165 Capital expenditure (108) (101) Disposal of assets 6 0 Net cash flow after investing activities 66 64 Impact of changes in scope (37) (5) Net cash flow after acquisitions and divestments 29 59 Dividends paid (22) (21) Change in debt and others 219 (39) Net cash flow after financing activities 226 (1) Cumulative translation adjustments on cash (6) (2) Net cash from discontinued operations (1) (9) Change in net cash position 219 (11) ([1]) EBITDA = current operating income + provisions for depreciation of tangible and intangible fixed assets.([2]) For the FY 2024, the average compounded number of shares is 34,114,060.
Quadient FY 2024 results: Solid 1st year delivery of "Elevate to 2030” strategic plan, with Digital Solution achieving €267m in revenue and 61% EBITDA growth to €47m Key highlights FY 2024 financial targets achieved Two operating profitability milestones reached:Digital EBITDA margin at 17.5%, up 5.7pts yoy, reflecting strong profitability improvement All three solutions are EBITDA positive Consolidated sales of €1,093 million, up +2.8% on a reported basis, including the contribution of the latest acquisitionsFY 2024 subscription-related revenue up +10.2% in Digital and up +11.5% in Lockers FY 2024 subscription-related revenue of €777m, representing 71% of total revenue, up +€30m yoy, vs.+€90m 2026 targetFY 2024 Group current EBIT of €146 million, up +2.2% organicallyProposed dividend of €0.70 per share, up by €0.05 for the fourth consecutive yearFY 2025 outlook: acceleration both in organic revenue growth and in current EBIT organic growth vs.2024 Paris, 26 March 2025 Quadient S.A.(Euronext Paris: QDT), an Intelligent automation platform powering secure and sustainable business connections, today announces its 2024 fourth-quarter consolidated sales and full-year results (period ended on 31 January 2025).
Consolidated sales and EBITDA by Solution FY 2024 consolidated sales In € million FY 2024 FY 2023 Change Organic change Digital 267 245 +9.1% +7.7% Mail 732 729 +0.4% (2.5)% Lockers 94 88 +5.7% +4.3% Group total 1,093 1,062 +2.8% +0.4% EBITDA and EBITDA margin FY 2024 FY 2023 In € million EBITDA EBITDA margin EBITDA EBITDA margin Digital 47 17.5% 29 11.8% Mail 200 27.4% 218 29.9% Lockers 1 0.6% (3) (3.0)% Group total 247 22.6% 244 23.0% Digital In FY 2024, revenue from Digital reached €267 million, up 7.7% organically (+10.1% in Q4 2024 vs.Q4 2023) and up 9.1% on a reported basis (including the contribution from Daylight) compared to FY 2023.
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