Quadient’s FY 2024 Results: A Year of Significant Progress
Quadient, a leading technology company specializing in mail-related solutions and parcel lockers, has recently announced its financial results for the fiscal year 2024. The company reported a solid first year of delivering on its “Elevate to 2030” strategic plan. Let’s explore the key highlights of Quadient’s FY 2024 results.
Financial Targets Achieved
Quadient reported that it had achieved its FY 2024 financial targets. The company reached two significant operating profitability milestones. Firstly, the Digital Solution achieved €267m in revenue, representing a 61% EBITDA growth to €47m. Secondly, all three solutions were EBITDA positive.
Consolidated Sales and Subscription-Related Revenue
The company reported consolidated sales of €1,093 million, up +2.8% on a reported basis, which included the contribution of the latest acquisitions. Quadient’s FY 2024 subscription-related revenue also saw notable growth. In the Digital Solution, it was up +10.2%, and in the Lockers Solution, it was up +11.5%. The subscription-related revenue for FY 2024 amounted to €777m, representing 71% of the total revenue.
Operating Profitability
Quadient reported a Group current EBIT of €146 million, up +2.2% organically. The Digital EBITDA margin stood at 17.5%, up 5.7pts yoy, reflecting strong profitability improvement.
Proposed Dividend
The company proposed a dividend of €0.70 per share, marking an increase of €0.05 for the fourth consecutive year.
FY 2025 Outlook
Quadient is optimistic about the future and expects an acceleration in both organic revenue growth and current EBIT in FY 2025.
Impact on Individuals
For individuals, Quadient’s strong financial performance may lead to improved services and customer experience. The company’s focus on digital solutions and parcel lockers can make mailing and parcel delivery more convenient and efficient. This can save time and reduce stress for consumers and businesses alike.
Impact on the World
On a larger scale, Quadient’s success in the mailing and parcel delivery industry can contribute to a more interconnected and efficient global economy. The company’s digital solutions can help streamline communication and transactions, making businesses more productive and efficient. Additionally, the widespread adoption of parcel lockers can reduce the environmental impact of traditional mail delivery methods, leading to fewer vehicles on the road and less carbon emissions.
In conclusion, Quadient’s FY 2024 results demonstrate the company’s commitment to delivering on its strategic plan and achieving significant financial milestones. The strong performance in the Digital Solution, consolidated sales growth, and operating profitability improvements are all positive indicators for the future. The impact on individuals and the world can be significant, with improved services, increased convenience, and a more efficient global economy. Quadient’s continued focus on digital solutions and parcel lockers can make mailing and parcel delivery more accessible, convenient, and sustainable for all.
- Quadient reported solid first-year results for its “Elevate to 2030” strategic plan.
- The Digital Solution achieved €267m in revenue and 61% EBITDA growth to €47m.
- All three solutions were EBITDA positive.
- Consolidated sales were €1,093m, up +2.8% on a reported basis.
- Subscription-related revenue was €777m, representing 71% of total revenue.
- Quadient reported a Group current EBIT of €146m, up +2.2% organically.
- The company proposed a dividend of €0.70 per share, up by €0.05 for the fourth consecutive year.
- Quadient expects an acceleration in both organic revenue growth and current EBIT in FY 2025.
- The company’s strong financial performance can lead to improved services and increased convenience for individuals.
- Quadient’s success can contribute to a more interconnected and efficient global economy.
