Report
Jean-François Granjon

Quadient : Resilience weakened

>Earnings forecasts inevitably more conservative - First half under pressure Due to a split financial year (closes end-January), Q1 was largely impacted by the sanitary crisis (50% of Q1), justifying an organic decline of close to 11%. Recurring revenues, which represent 76% of sales, contracted by 4.6% whilst non-recurring revenues (24%) were down 26.4%. The group was penalised by the historic mail-related solutions activity (-13.9%, drop in sales of equipment, consu...
Underlying
Quadient SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean-François Granjon

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