Brief: Quadient Sees Current EBIT Of About EUR 250 Mln In 2030

Quadient

19/06/2024 06:09

June 19 (Reuters) - Quadient SA  QDT.PA :
    * QUADIENT NEW STRATEGIC PLAN “ELEVATE TO 2030” AIMS AT
DELIVERING
MORE THAN €1BN OF ANNUAL SUBSCRIPTION-RELATED REVENUE AND €250M
OF CURRENT EBIT IN 2030
    * >EUR 1BN ANNUAL SUBSCRIPTION-RELATED REVENUE AS FINANCIAL
AMBITION FOR 2030, A EUR 250M+ INCREASE VERSUS 2023 LEVEL, AND
C.EUR 250M IN CURRENT EBIT, A EUR 100M INCREASE VERSUS 2023
LEVEL
    * TOTAL REVENUE TO REACH EUR 1.3BN IN 2030 DRIVEN BY
DOUBLE-DIGIT
GROWTH IN BOTH DIGITAL AND LOCKERS AND A RESILIENT MAIL
AUTOMATION PLATFORM
    * ALL SOLUTIONS TO CONVERGE TO A 20%-30% EBITDA MARGIN RANGE
BY
2030
    * DIVIDEND POLICY MAINTAINED AT MINIMUM 20% NET INCOME
PAYOUT
    * AVERAGE CAPEX EXPECTED AT EUR 100M PER YEAR FROM 2024 TO
2026
    * FINANCIAL GUIDANCE FOR NEXT 3-YEAR PERIOD (2024-2026):
MINIMUM
1.5% REVENUE CAGR AND MINIMUM 3% CURRENT EBIT CAGR, BOTH ON AN
ORGANIC BASIS
    * FURTHER DELEVERAGING EXPECTED WITH LEVERAGE RATIO
EXCLUDING
LEASING TARGETED AT 1.5X IN 2026
    * "ELEVATE TO 2030" WILL LEAD TO A STRONGER INVESTMENT
PROPOSITION
RELYING ON FASTER LONG-TERM GROWTH, HIGHER PROFITABILITY AND A
DISCIPLINED CAPITAL ALLOCATION POLICY OVER PERIOD
    * FOR 2024-2026 PERIOD, QUADIENT PROVIDES AN INDICATIVE
TRAJECTORY
OF C.10% ORGANIC CAGR IN DIGITAL REVENUE
    * QUADIENT'S 2030 AMBITION FOR ITS DIGITAL BUSINESS IS TO
REACH
MORE THAN EUR 500 MILLION IN REVENUE
    * QUADIENT TARGETS TO ADD C.16,000 ADDITIONAL CUSTOMERS AND
LOCKER
INSTALLATIONS EVERY YEAR
    * ANTICIPATES THAT C.70% OF 2030 GROWTH AMBITION WILL
ORIGINATE
FROM ITS EXPANSION STRATEGY

Source text for Eikon:  ID:nGNE37lfSv 
Further company coverage:  QDT.PA 

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