** Shares in French software firm Quadient QDT.PA fall more than 11% after lower-than-expected full-year results
** The group's sales of 1.04 billion euros ($1.20 billion) and earnings of 230 million euros came in below estimates, with the miss on the reported EBITDA line of about 5 million euros
** Kepler Cheuvreux describes the results as a "disappointing"
** TP ICAP Midcap also points to a downgraded outlook for Quadient's Mail business, noting no improvement in Q4 as the organic decline remained significant
** The stock is on track for its worst day since September 2025, when it closed down 17.8%
($1 = 0.8652 euros)
(Reporting by Lucie Barbier)
((Email: lucie.barbier@thomsonreuters.com))