on QUADIENT (EPA:QDT)
Quadient's Digital and Lockers Segments Drive Growth in Q3 2024
Quadient S.A. announced its Q3 2024 consolidated revenue reaching €263 million, reflecting 0.3% organic growth. Digital solutions excelled with nearly 9% organic growth, while Lockers surged over 14%. These figures align with Quadient's Capital Markets Day ambitions, emphasizing subscription-related revenue increases in both sectors.
Subscription-based revenue, representing 72% of total sales, rose by 2.6% organically, with Digital and Lockers experiencing substantial boosts. The nine-month period saw a total revenue of €797 million, marking a 2.4% increase with significant contributions from recent acquisitions.
Geographically, North America showed strong performance, contributing 58% of revenue with a 3% organic growth, while European regions slightly lagged. The company anticipates continued growth into Q4 2024, driven by increased locker usage in France and the UK and robust digital automation adoption.
R. H.
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