From GlobeNewswire:

Quadient reports strong FY 2023 results, with consolidated sales of €1,062 million, up 1.9% organically. North America sees a +4.5% organic growth, contributing to 57% of Group Sales. Current EBIT is up 9.3% organically at €157 million, with net attributable income at €69 million. A proposed dividend of €0.65 per share is on the table. Capital Markets Day to outline 2024-2026 strategic plan set for June 19, 2024. Ben Geoffley, CEO of Quadient, praises successful execution of strategic plan, positioning the company for long-term profitable growth. Revenue breakdowns by solution show growth in Intelligent Communication Automation at 9.0% and Mail-Related Solutions at -2.4%. Parcel Locker Solutions experience a -3.1% decline. Current EBIT margins by solution reveal profitability milestones for Intelligent Communication Automation and slight decreases for Mail-Related Solutions and Parcel Locker Solutions. Sales from Intelligent Communication Automation grew 9.0% organically, reaching €245 million. Subscription-related revenue saw a 16.8% organic growth to represent 80% of total sales. Annual recurring revenue reached €206 million, a 12.1% organic growth. Key partnerships and product enhancements drove growth in Quadient software offerings. Q4 2023 saw sales up by 7.2% organically to €66 million, with a strong performance across all geographies. Subscription-related revenue showed a robust organic growth at +14.4%. Continued improvements in product offerings and customer acquisitions fueled growth.



Read more at GlobeNewswire:: Solid FY 2023 results bring the Back to Growth