Quadient : A resilient profile but nonetheless undermined
>Q1 2020 sales short of our expectations - Quadient reported Q1 sales of € 239.0m (€ 263.1m estimated, € 245m for the consensus), a decline of 10.2% and 10.9% in organic terms. Sales fell short of our forecasts and the consensus. Q1 was clearly marked by two periods, with a sharp deterioration from mid-March. Note that major operations, which corresponds to the group’s core business, saw an organic drop of 8.9%, with -13.9% for mail-related solutions. We note also th...Neopost supplies mailroom equipment, offering products for franking, folding & inserting, addressing, address cleansing, tracking, tracing letters, parcels & the supply chain. Co. also offers various services, including consulting, maintenance, financial services & online service. Co.'s activities can be summed up to 2 segments: Mailroom Solutions & Communication & Shipping Solutions, divided into 9 operations: Automated mail opening, Management of incoming mail & traceability of important mail, Address printers, Automated insertion equipment, Intelligent franking, Financing solutions, Data quality, Customer Communication Management and Shipping Solutions, mainly in Europe & North America.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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