Brief: Quadient FY Current EBIT At Eur 150 Million Euros

Quadient

27/03/2023 17:06

March 27 (Reuters) - Quadient SA  QDT.PA :
    * QUADIENT REPORTS SOLID REVENUE GROWTH IN Q4 2022 AND AN
IMPROVED
CURRENT EBIT MARGIN OF 15.2% IN H2 2022. ORGANIC GROWTH IN
CURRENT EBIT EXPECTED AT C.10% IN 2023
    * PROPOSED DIVIDEND OF EUR 0.60 PER SHARE, UP 9%Y-O-Y IN
RESPECT
OF FISCAL YEAR 2022
    * FY CONSOLIDATED SALES OF EUR 1,081 MILLION, UP +5.6% ON A
REPORTED BASIS AND UP 1.4% ORGANICALLY
    * NET DEBT REDUCED TO EUR 722 MILLION AS OF 31 JANUARY 2023,
LEADING TO A LOWER LEVERAGE AT 1.8X EXCLUDING LEASING4F
    * FY CURRENT EBIT OF EUR 150 MILLION UP 2.2% ON A REPORTED
BASIS
AND DOWN 4.8% ORGANICALLY
    * ROBUST FREE CASH FLOW OF EUR 70 MILLION DESPITE HIGHER
LEVEL OF
FINANCING OF LEASED EQUIPMENT FOR CUSTOMERS VERSUS. 2021
    * FY NET ATTRIBUTABLE INCOME OF EUR 13 MILLION
    * CURRENT EBIT OUTLOOK IS CONFIRMED AT MINIMUM MID-SINGLE
DIGIT
ORGANIC CURRENT EBIT CAGR OVER 2021-23
    * FY 2023 ORGANIC GROWTH IN CURRENT EBIT IS EXPECTED AT
C.10%
    * OVERALL, NET FINANCIAL RESULT WAS A LOSS OF EUR 36 MILLION
IN FY
2022 COMPARED TO A LOSS OF EUR 8 MILLION IN FY 2021
    * WITH NO SIGNIFICANT M&A ACTIVITIES IN FY 2022,
ACQUISITION-RELATED EXPENSES DECLINED SLIGHTLY TO EUR 10 MILLION
IN FY 2022, COMPARED TO EUR 12 MILLION IN 2021

Source text for Eikon:  ID:nGNE31TJ6N 
Further company coverage:  QDT.PA 

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