France's Quadient Q1 revenue falls 1.9% organically

Quadient

21/05/2026 16:54

Overview

France automation platform's Q1 2026 revenue fell 1.9% yr/yr on organic basis

Digital subscription-related revenue grew double digits, offsetting Mail and Lockers hardware declines

Company confirmed FY 2026 guidance for organic revenue growth between -2% and +2%

Outlook

Quadient confirms FY 2026 organic revenue growth guidance of -2% to +2%

Company expects FY 2026 EBITDA margin above 20% in Digital, above 25% in Mail, above 10% in Lockers

Quadient expects Digital and Lockers to maintain solid subscription-related revenue growth and Mail trends to continue easing in 2026

Result Drivers

DIGITAL SUBSCRIPTION GROWTH - Digital subscription-related revenue rose 10.8% organically, supported by e-invoicing demand in France and customer communications management in North America

MAIL DECLINE EASES - Mail revenue fell 5.2% organically, a slower decline than prior quarters, due to improved hardware sales in North America and the UK

LOCKERS SUBSCRIPTION REVENUE - Lockers subscription-related revenue grew 18% organically, offset by lower hardware sales due to a high comparison base

Company press release: ID:nGNE7XRK0c

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 243 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Quadient SA is €19.55, about 62.1% above its May 20 closing price of €12.06

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)