Declared Dividend • Apr 06
Dividend increased to €0.75 Dividend of €0.75 is 7.1% higher than last year. Ex-date: 4th August 2026 Payment date: 6th August 2026 Dividend yield will be 7.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Apr 03
Quadient Achieves FedRAMP Authorization For S.M.A.R.T. Platform Quadient announced its S.M.A.R.T. mail services center cloud software has achieved FedRAMP and GovRAMP authorization. This milestone opens a significant market segment for S.M.A.R.T., enabling federal, state and local government agencies across the U.S. to adopt the solution with confidence in its security and compliance standing. S.M.A.R.T. helps organizations of all sizes manage mailing and shipping operations across the enterprise, ensuring operational compliance and cost-effective mailing and shipping workflows. S.M.A.R.T. offers shipping, mailing, accounting, reporting and tracking experience all from a single dashboard, covering all carriers. S.M.A.R.T. enhances business communication with internal and external customers by providing detailed shipping and tracking notifications, chargeback accounting with postage meter reconciliation and extensive reporting options. Buy Or Sell Opportunity • Mar 26
Now 18% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €10.84. The fair value is estimated to be €13.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Mar 26
Full year 2026 earnings released Full year 2026 results: Revenue: €1.04b (down 5.2% from FY 2025). Net loss: €68.0m (down 202% from profit in FY 2025). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Tech industry in Europe. Announcement • Mar 03
Quadient S.A. Announces Committee and Management Changes Quadient S.A. announced that to support the next chapter of the company’s AI-driven growth, Quadient is realigning and strengthening its global leadership team. Three leaders from Quadient’s Digital Automation Platform organization have been appointed to the Executive Committee, reflecting the company’s commitment to deepening its software expertise and accelerating innovation: Lilac Schoenbeck now leads Digital’s R&D, Product Marketing, and Product Management, further unifying product strategy and execution. Nicole Dwyer now leads Digital’s Sales, Partners, and Customer Success for Americas, reinforcing market expansion and customer value delivery. Jean-Dominique Conde leads Digital’s Revenue Operations & Business Performance, driving alignment, efficiency and scale across Digital’s global sales engine. Quadient is also implementing leadership transitions across its geographic and operational units to align talent with the company’s long-term software and automation objectives: Chris Hartigan, former chief solution officer for Digital has left Quadient to pursue other opportunities. Alain Fairise, former chief solution officer for Quadient’s Mail Solution organization, is also departing the company after 30 years of building the business to be a global leader of modern mailroom solutions. Duncan Groom, former UK & Ireland chief operating officer, will now lead the Mail Solution organization globally, following the region’s standout performance as Quadient’s top cross-sell market in 2025. He remains a member of Quadient’s Executive Committee. Stéphanie Auchabie, former France Benelux chief operating officer, will now lead Digital Sales, Partners, and Customer Success for Europe, bringing deep regional expertise to support growth of SaaS-based solutions. She remains a member of Quadient’s Executive Committee. Ian Clarke, former Central Europe & International chief operating officer, has been appointed chief operations officer for the Lockers organization. This appointment reflects Quadient’s ambition to double the size of the Lockers business by 2030, supporting the company’s bold growth goals. These appointments strengthen Quadient’s operational execution and reinforce its strategy of leveraging internal talent to drive scale, efficiency and market leadership across all solutions. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €13.01, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Tech industry in Europe. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.20 per share. Announcement • Jan 27
Quadient S.A. Launches Premium Locker for Upscale Multifamily Communities Quadient S.A. announced its new Parcel Pending by QuadientPREMIER Locker System, the first of its kind package locker designed for upscale multifamily living and package deliveries. The PREMIER Locker's sleek, modern aesthetic is designed for luxury multifamily communities looking to differentiate themselves with high-end amenities. The PREMIER LOCK's 15.6-inch HD portrait color touchscreen provides a crisp, intuitive premium user interface for residents and carriers. Made of a durable steel construction with a premium brushed aluminum finish around the touchscreen display, the PREMIER Locker is designed to maximize capacity for small packages and padded mailers, equipped with 20 boxes on the control tower. The PREMIER Locking can be installed with other Quadient indoor locker towers to accommodate a range of resident delivery needs, including oversized and even refrigerated items. Whether residents receive daily essentials, groceries or large shipments, the locker's modular design ensures every package fits securely and conveniently. The PREMIER system integrates seamlessly with most major property management platforms, ensuring smooth setup and operation. Property managers may use Parcel Pending by Quadients's Parcel Management Dashboard for real-time locker status, resident access controls, and automated alerts. Additionally, the Parcel Pending PLUS smartphone mobile app enables users to manage and retrieve packages quickly and easily. Announcement • Jan 14
Quadient S.A. to Report First Half, 2027 Results on Sep 23, 2026 Quadient S.A. announced that they will report first half, 2027 results on Sep 23, 2026 Buy Or Sell Opportunity • Jan 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.5% to €14.60. The fair value is estimated to be €12.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 0.4% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Announcement • Dec 05
Quadient S.A. Re-Affirms Earnings Guidance for the Year 2025 Quadient S.A. re-affirmed earnings guidance for the year 2025. Fiscal Year 2025 revenue is expected to decline by a low single digit on an organic basis. Announcement • Nov 08
Quadient Redefines Mailroom Automation with Next-Generation Intelligent Mailing Systems Quadient has launched its new generation of intelligent mailing systems in the UK, designed to simplify and modernise how organizations handle physical mail. As businesses manage increasingly complex postal rates and a growing mix of communication channels, the new Quadient iX-Series, featuring the iX-4 for office use, iX-6 for medium mail volumes and the high-performance iX-8 for large mailrooms, delivers a modern, intuitive approach to mail automation. First of its kind in a franking solution, the iX-Series introduces a smartphone-style, vertical touchscreen designed for improved comfort, less scrolling, and faster operation. The user interface mirrors the mobile experience employees are accustomed to, making it easier to train users and accelerate daily processing. Each system in the range combines precision engineering with intelligent software, providing a connected platform that minimises postage errors and optimises the handling of letters, parcels, and mixed-mail workflows. The range will launch first in the UK before expanding to other major postal markets, including the United States, Germany and France. The new iX-Series reflects Quadient's commitment to bridging physical and digital communications. Each model integrates seamlessly with Quadient's cloud-based platform, giving organizations real-time visibility into postage spending, mail tracking, and reporting. This connectivity helps businesses operate more efficiently, stay compliant, and reduce administrative effort, all while ensuring that essential communications continue to reach customers securely and reliably. Through its enhanced integration with Quadient's SMART platform, the iX-Series moves beyond traditional banking to deliver data-driven insights, cost control and advanced reporting capabilities. By combining precision-engineered hardware with cloud-based intelligence, Quadient enables organizations to streamline mailing operations, reduce waste and make informed, real-time decisions about postage and shipping. The result is a connected, scalable solution that evolves with business needs, helping organizations stay efficient, compliant and customer focused as communication ecosystems continue to transform. Announcement • Oct 17
Quadient Unveils Solar-Powered Autonomous Battery Parcel Locker Quadient announced the launch of its pilot program for the X Series, an industry-first solar-powered autonomous battery locker, fully equipped with returns and label printer features. Debuting this fall in the United Kingdom, this technology operates with complete energy autonomy while offering expanded consumer services. As of this month, Quadient is launching a pilot in the UK to validate performance and adoption, while onboarding carriers and partners. The new lockers will also be showcased at Parcel+Post Expo, October 21-23, 2025, in Amsterdam, where visitors can experience the technology firsthand. Quadient's new X Series lockers combine solar and battery-powered operation with rugged outdoor construction, the returns Drop Box, and a built-in label printer, a unique combination in the market today. Powered by a low-energy operating system with smart stand-by cycles, the units run 24/7 with zero CO2 impact, even during extended low-light periods. Installation is quick and flexible thanks to an embedded stabilizer that eliminates the need for building work or anchoring, and no grid connection is required. By removing these barriers, the X Series enables deployment in locations previously out of reach, extending Quadient's open locker network and making secure parcel services more accessible for greater customer convenience. Additional features include half-width compartments for small parcels, consumer-to-consumer exchanges, spare parts, and key handoffs, as well as remote monitoring of solar panels and batteries, with alerts to support reliable service for operators and carriers. By eliminating the need for electrical work or permitting, the X Series reduces installation costs and accelerates network expansion, offering carriers and partners more flexibility in site selection or relocation. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.26, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 22x in the Tech industry in Europe. Total returns to shareholders of 2.9% over the past three years. Reported Earnings • Sep 28
First half 2026 earnings released: EPS: €0.61 (vs €0.74 in 1H 2025) First half 2026 results: EPS: €0.61 (down from €0.74 in 1H 2025). Revenue: €517.0m (down 3.2% from 1H 2025). Net income: €21.0m (down 17% from 1H 2025). Profit margin: 4.1% (down from 4.7% in 1H 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 26
Quadient S.A. Lowers Fiscal Year 2025 Guidance Quadient S.A. lowered Fiscal Year 2025 guidance. The company expects low single-digit decline in organic revenue; Flat to low single-digit decline evolution in organic current EBIT. Upcoming Dividend • Jul 28
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 04 August 2025. Payment date: 06 August 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.4%). Higher than average of industry peers (1.5%). Announcement • Jun 03
Quadient S.A. (ENXTPA:QDT) acquired Serensia SAS. Quadient S.A. (ENXTPA:QDT) acquired Serensia SAS on June 2, 2025.
Quadient S.A. (ENXTPA:QDT) completed the acquisition of Serensia SAS on June 2, 2025. Declared Dividend • Mar 31
Dividend increased to €0.70 Dividend of €0.70 is 7.7% higher than last year. Ex-date: 4th August 2025 Payment date: 6th August 2025 Dividend yield will be 4.5%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2025 earnings released Full year 2025 results: Revenue: €1.09b (up 2.9% from FY 2024). Net income: €66.0m (down 20% from FY 2024). Profit margin: 6.0% (down from 7.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Tech industry in Europe. Announcement • Mar 27
Quadient S.A. Announces Board Resignations Quadient S.A. announced that Martha Bejar and Paula Felstead will not stand for re-election, and resignation of Vincent Mercier with effect at the close of the Board meeting which will be held on 2 June 2025. Announcement • Jan 22
Quadient S.A. announced that it expects to receive $100 million in funding Quadient S.A. announced that it has signed a $100 million in a round of funding on January 22, 2025. The transaction includes the participation from new lender, MetLife Investment Management, LLC. The company will senior notes has a 7-year average maturity. Announcement • Dec 20
Quadient S.A. (ENXTPA:QDT) acquired Package Concierge, Inc. Quadient S.A. (ENXTPA:QDT) acquired Package Concierge, Inc. from Gibraltar Industries, Inc. (NasdaqGS:ROCK) on December 17, 2024. GLC Advisors & Co., LLC acted as financial advisor to Package Concierge, Inc. in the deal.
Quadient S.A. (ENXTPA:QDT) completed the acquisition of Package Concierge, Inc. on December 17, 2024. Announcement • Dec 12
Quadient Launches SimplyMail in Europe to Help Small Businesses Leverage Digital Solutions to Enhance Efficiency in Mail Operations Quadient announced the launch in Europe of SimplyMail, a solution designed to address the growing needs for smaller businesses to automate and optimize their mail operations with ease. Small businesses often face the challenge of managing time-consuming tasks like mail and parcel handling while trying to stay agile and efficient, especially in remote work environments. SimplyMail, designed by Quadient's research and development teams, offers a simple, user-friendly SaaS solution that enables small businesses to send physical mail--including registered letters--and parcels with just a few clicks, all from their existing digital environment. The solution enhances flexibility and efficiency without the need for complex IT systems or additional support, making it ideal for small businesses looking for a straightforward, scalable solution. Quadient offers a comprehensive portfolio of solutions designed to meet the diverse needs of businesses of all sizes. From small businesses seeking simple, efficient tools like SimplyMail for mail automation to larger enterprises requiring more robust platforms like Quadient Impress for omnichannel distribution needs, Quadient provides scalable solutions that help optimize operations, improve productivity, and streamline mail management. This flexibility ensures that businesses -- from small startups to large corporations -- can access the right tools to drive digital transformation and enhance efficiency across their workflows. Announcement • Nov 09
Quadient S.A., Annual General Meeting, Jun 13, 2025 Quadient S.A., Annual General Meeting, Jun 13, 2025. New Risk • Sep 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Sep 25
First half 2025 earnings released First half 2025 results: Revenue: €534.0m (up 2.3% from 1H 2024). Net income: €25.0m (down 30% from 1H 2024). Profit margin: 4.7% (down from 6.9% in 1H 2024). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Tech industry in Europe. Announcement • Sep 04
Quadient Unveils New Mobile App, Enabling Any Local Business to Offer Parcel Locker Delivery Services to Customers Quadient announced the launch of a mobile app that enables local businesses to deliver customer orders directly to Quadient open network lockers without the need for specific software integrations. The app is already available in the Japanese market under the name PUDO ACCESS and will soon be made available in other countries, continuing to create value for merchants and their local communities. PUDO ACCESS has been designed for both small merchants and larger businesses with multiple locations, offering seamless access to Quadient's extensive locker network, which currently encompasses over 7,000 multicarrier locations across Japan. Quadient lockers work as a multi-service hub for the community, hosting various service types beyond carrier parcel deliveries, including laundry, rental, recycling and repair services. Quadient lockers and the new app set the stage for broader applications to meet a diversity of local businesses and customer needs. Key benefits that come with the new app include: Enhanced customer experience: Through the app, local businesses offer customers a convenient, secure and fast pickup or return alternative, even outside normal business hours, with no entry cost. Ease of use: The mobile app makes it easy to create unique order references without any integration, facilitating deliveries into the lockers. Flexibility: Businesses can place their customers' goods in the Quadient locker of their choice. The app's capabilities underscore Quadient's capacity to provide user-friendly and streamlined processes to increase its locker network adoption and accessibility to different types of users. Quadient's vision is to transform its open network lockers into hubs of services that create value for local communities. The lockers are already accessible to various carriers in Japan, the UK and France. Quadient is now investing in expanding these networks and making them available for new types of services beyond parcels. Upcoming Dividend • Jul 29
Upcoming dividend of €0.65 per share Eligible shareholders must have bought the stock before 05 August 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.4%). Higher than average of industry peers (1.6%). Announcement • Jun 27
Quadient S.A. Approves Dividend Payment for Fiscal Year 2023, Payable on August 7, 2024 Quadient S.A. in its Annual General Meeting, held on 14 June 2024, approved the amount of dividends for financial year 2023. The amount of dividends is €0.65 per share and will be paid in cash, in one instalment, on August 7, 2024. The dividend payment timeline will be as follows: Ex-dividend is August 5, 2024. Record date is August 6, 2024. Payment date is August 7, 2024. Reported Earnings • May 05
Full year 2024 earnings released: EPS: €2.43 (vs €0.29 in FY 2023) Full year 2024 results: EPS: €2.43 (up from €0.29 in FY 2023). Revenue: €1.06b (flat on FY 2023). Net income: €82.4m (up €72.4m from FY 2023). Profit margin: 7.8% (up from 0.9% in FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Announcement • Apr 27
Quadient S.A. to Showcase Newest, Most Advanced Cloud Software, Mailing and Shipping Solutions Quadient announced it will showcase its newest, most advanced mailing and shipping systems, combined with powerful software and the latest technology in direct printing at drupa 2024, one of the world’s largest trade fairs for the mailing and shipping industry. The event runs from May 28 to June 7 in Düsseldorf, Germany, and will bring together print service providers, IT experts and other print and digital communication professionals from around the world. Quadient will unveil its “Mailtropolis of Tomorrow” in Hall 6, Booth 6F30, offering a bustling network of high-volume mail processing systems and integrated digital communication channels designed and engineered to turn a mailroom into a hub of operational excellence. Visitors will be able to see Quadient’s flagship folder inserter system, the DS-1200, the new DS-700 iQ, as well as its most advanced mailing system, recently launched in the UK, the iX-9 series. Quadient will also be presenting its advanced software solutions, such as the Automated Document Management System (AIMS), the cloud-based Quadient Impress platform, and the high-performance SaaS customer communications management (CCM) solution Inspire Evolve. At the show, Quadient will also be introducing the new MACH9DS full-color dynamic envelope printing solution designed to run in line with Quadient production inserters. More than just a printer, the MACH 9DS technology system offers an automated color inkjet print engine, a powerful PC and an intelligent software management system. Declared Dividend • Apr 05
Dividend increased to €0.65 Dividend of €0.65 is 8.3% higher than last year. Ex-date: 5th August 2024 Payment date: 7th August 2024 Dividend yield will be 3.6%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Mar 26
Full year 2024 earnings released Full year 2024 results: Revenue: €1.06b (down 1.8% from FY 2023). Net income: €83.0m (up €73.1m from FY 2023). Profit margin: 7.8% (up from 0.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Tech industry in Europe. Announcement • Feb 07
Quadient's Financial Automation Cloud Offerings Named as Recommended Solutions by Sage Quadient announced that its financial automation cloud offerings for accounts receivable (AR) and accounts payable (AP) are endorsed as "Recommended Solutions" by Sage, the leader in accounting, financial, HR and payroll technology for millions of small and mid-sized businesses. Sage has given Quadient a Tech Partner Plus status, recommending Quadient AR and Quadient AP for Sage Intacct customers and partners seeking to automate and optimize the order-to-cash and procure-to-pay processes. Sage Intacct helps organizations thrive in today's digital world with proven cloud native solutions across accounting, planning, analytics and payroll. The powerful cloud platform offers deep multi-dimensional insight and AI-powered automation which enables organizational agility, leading to increased profitability and enhanced customer satisfaction. Sage Intacct users can now benefit from Quadient's artificial intelligence and machine learning capabilities, such as predicting customer payment behaviour, forecasting cashflow and accessing intelligent insights, including real-time data graphs in a unified portal. In the area of AR automation, customers have a more holistic view of their finances with predictive analytics, including combining sales orders with integrated instant credit check capacity powered by artificial intelligence. For AP teams, the integration with Quadient AP allows for the management of invoices, payments, purchase orders and expenses in a single system, resulting in up to an 83% reduction in data entry using optical character recognition capabilities, and in approval of invoices up to 9 times faster. Announcement • Feb 02
Quadient S.A. (ENXTPA:QDT) acquired Frama AG. Quadient S.A. (ENXTPA:QDT) acquired Frama AG on February 1, 2024.Quadient S.A. (ENXTPA:QDT) completed the acquisition of Frama AG on February 1, 2024. Announcement • Jan 02
Quadient Announces Appointment of Petra Wolf as Chief Marketing Officer Quadient announced the appointment of Petra Wolf as new Chief Marketing Officer, effective January 2, 2024. With a professional journey spanning more than 20 years, Petra Wolf has excelled in senior management positions within the spheres of B2B and B2C technology marketing. Her seasoned expertise extends across various tech-related industries, encompassing semi-conductors, server and client hardware, consulting, and software development. Prior to joining Quadient, Petra successfully steered Global Marketing for Small and Medium Businesses at Amazon Web Services, where she demonstrated her ability to identify and capitalize on market opportunities through innovative sales and marketing strategies. Petra Wolf joins Quadient at a pivotal moment as the company completes the second phase of its Back to Growth strategic plan, having successfully refocused the company on its most strategic businesses. Based in Europe, Petra will serve as a member of the executive committee, reporting directly to CEO Geoffrey Godet, and will be responsible for Quadient’s global Marketing strategy and initiatives to elevate the Quadient brand. Announcement • Nov 03
Quadient S.A. announced that it expects to receive $46 million in funding Quadient S.A. announced a private placement to issue common shares for the gross proceeds of $46,000,000 on November 1, 2023. The transaction will include participation from new individual investor Daniel Kretínský. Reported Earnings • Oct 22
First half 2024 earnings released: EPS: €1.05 (vs €0.75 in 1H 2023) First half 2024 results: EPS: €1.05 (up from €0.75 in 1H 2023). Revenue: €522.2m (flat on 1H 2023). Net income: €35.8m (up 41% from 1H 2023). Profit margin: 6.9% (up from 4.8% in 1H 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Sep 21
First half 2024 earnings released: EPS: €1.06 (vs €0.75 in 1H 2023) First half 2024 results: EPS: €1.06 (up from €0.75 in 1H 2023). Revenue: €522.0m (flat on 1H 2023). Net income: €36.0m (up 42% from 1H 2023). Profit margin: 6.9% (up from 4.8% in 1H 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 21
Quadient S.A. Provides Earnings Guidance for the Year 2023 Quadient S.A. provided earnings guidance for the year 2023. Sales outlook is confirmed at minimum 3% organic sales CAGR over 2021-2023. For the year 2023 organic sales growth is expected at c.3%. Current EBIT outlook is confirmed at minimum mid-single digit organic current EBIT CAGR over 2021-23. For the year 2023 organic growth in current EBIT is expected at c.10%. Announcement • Sep 19
Quadient S.A. (ENXTPA:QDT) acquired Daylight Automation Inc. Quadient S.A. (ENXTPA:QDT) acquired Daylight Automation Inc. on September 18, 2023. Quadient S.A. (ENXTPA:QDT) completed the acquisition of Daylight Automation Inc. on September 18, 2023. Announcement • Aug 02
Quadient S.A. Approves Dividend for Financial Year 2022, Payable on 7 August 2023 Quadient S.A. at the Annual General Meeting, held on June 16, 2023, approved the amount of dividends for financial year 2022. The amount of dividends is €0.60 per share and will be paid in cash in one instalment on August 7, 2023. The dividend payment timeline will be as follows: Ex-dividend: 3 August 2023; Record date: 4 August 2023; Payment date: 7 August 2023. Buying Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €25.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 42% per annum over the same time period. Upcoming Dividend • Jul 27
Upcoming dividend of €0.60 per share at 3.0% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 07 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €18.67, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the Tech industry in Europe. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.06 per share. Reported Earnings • Mar 28
Full year 2023 earnings released Full year 2023 results: Revenue: €1.08b (up 5.5% from FY 2022). Net income: €13.0m (down 84% from FY 2022). Profit margin: 1.2% (down from 7.7% in FY 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Tech industry in Europe. Announcement • Feb 02
Quadient Announces General Availability in U.S. of Quadient iX-1 Postage Meter Quadient announced the general availability in the U.S. of the Quadient iX-1 postage meter, a compact yet powerful mailing system that combines mail and parcel processing into one user-friendly solution designed for the small office environment. The iX-1, fully compliant with United States Postal Service (USPS) regulations and Intelligent Mail Indicia (IMI) requirements, is the final member to be released of Quadient’s iX-Series family of fully connected mailing and shipping systems. The iX-Series offers a full line of intuitive, time- and cost-saving postage and shipping solutions for businesses of all sizes. The iX-Series also helps businesses prepare for new postal regulations. On December 31, 2024, the USPS plans to discontinue postage meters that are not compliant with IMI. The iX-1 means no more waiting in line for stamps at the post office. Postage funds are downloaded with ease into the iX-1 with the click of a button. The iX-1 comes with a 10-pound scale that may be detached to conveniently weigh larger items and it automatically calculates postage values, guaranteeing the correct cost for more than 50 postal rates and services, including First Class Mail, Priority Mail or Certified Mail. The iX-1 provides a cost savings of three cents per First Class letter when compared to the cost of a postage stamp. Additionally, the iX-1 integrates with Quadient’s online shipping software, NeoShip, that allows users to create and print shipping labels right from their computer. NeoShip offers parcel shipping with a variety of carriers, including USPS, FedEx and UPS. NeoShip automatically compares shipping rates across each carrier to find the lowest cost or fastest delivery time. NeoShip also meets the latest USPS Intelligent Mail Package Barcode (IMpb) requirements. Announcement • Jan 19
Quadient Expands Impress Platform in Ireland with Cloud-Based Document Delivery Solution, Quadient(R) Impress Distribute Quadient announced the arrival of Quadient® Impress Distribute in Ireland, a cloud-based multi-channel document delivery solution that supports small and medium businesses (SMBs) in moving towards digital processes and improving customer satisfaction. Along with other modules of the Quadient® Impress platform, SMBs can now use a single Software-as-a-Service (SaaS) application to prepare and send outbound communications, over any channel, using a desktop in almost any location, while automatically using customers’ preferred delivery channel. Users can minimise distracting and laborious tasks for employees, freeing them to focus on higher-value, core tasks; and optimise the flow of business. Quadient® Impress Distribute fully integrates with other modules of Quadient® Impress. Users can upload and personalise customer communications before sending them over any channel, such as email, print/mail or a secure branded portal. At the same time, businesses can easily prompt customers to choose their preferred delivery channel, which Impress intelligently manages for all future communications. This eliminates time and stress spent on preparation and delivery of both ad hoc and bulk communications, while knowing that customers are always receiving communications over their preferred channel. The solution also helps ensure important communications meet security and compliance requirements, providing a detailed audit trail of the entire process. Digital documents are automatically stored for easy retrieval, and a user-friendly dashboard tracks both print and digital communications - ensuring important touchpoints reach their intended recipients, in the right format. With Quadient® Impress Distribute, the Impress platform helps SMBs in Ireland effectively manage the transition to digital: addressing growing requirements for a more sophisticated, digitalised communications strategy while migrating customers to electronic communications at their own pace. Businesses can be confident they are increasing customer satisfaction while freeing their employees’ time to concentrate on their highest-value tasks. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €12.03, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Tech industry in Europe. Total loss to shareholders of 40% over the past three years. Announcement • Dec 06
Quadient S.A. to Report Q4, 2023 Results on Mar 27, 2023 Quadient S.A. announced that they will report Q4, 2023 results After-Market on Mar 27, 2023 Reported Earnings • Sep 27
First half 2023 earnings released: EPS: €0 (vs €1.19 in 1H 2022) First half 2023 results: EPS: €0 (down from €1.19 in 1H 2022). Revenue: €524.0m (up 4.0% from 1H 2022). Net income: €29.0m (down 28% from 1H 2022). Profit margin: 5.5% (down from 8.0% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Tech industry in Europe. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €14.48, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Tech industry in Europe. Total loss to shareholders of 12% over the past three years. Board Change • Jul 31
High number of new directors Independent Director Paula Felstead was the last director to join the board, commencing their role in 2021. Upcoming Dividend • Jul 28
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (1.9%). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Paula Felstead was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: €2.32 (vs €0.92 in FY 2021) Full year 2022 results: EPS: €2.32 (up from €0.92 in FY 2021). Revenue: €1.02b (flat on FY 2021). Net income: €88.0m (up 179% from FY 2021). Profit margin: 8.6% (up from 3.1% in FY 2021). Over the next year, revenue is forecast to grow 3.1%, compared to a 4.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 29
First half 2022 earnings released: EPS €1.19 (vs €0.49 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: €504.0m (up 3.9% from 1H 2021). Net income: €45.0m (up 166% from 1H 2021). Profit margin: 8.9% (up from 3.5% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Sep 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sebastien Marotte was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 29
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 09 August 2021. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (3.9%). Higher than average of industry peers (0.9%). Executive Departure • Jul 06
Independent Director William Hoover has left the company On the 1st of July, William Hoover's tenure as Independent Director ended after 8.0 years in the role. We don't have any record of a personal shareholding under William 's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 21% share price gain to €24.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Tech industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.95 per share. Executive Departure • Apr 02
Executive Officer has left the company On the 31st of March, Christelle Villadary's tenure as Executive Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Christelle's name. Christelle is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 01
Full year 2021 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €1.03b (down 10.0% from FY 2020). Net income: €40.0m (up €34.8m from FY 2020). Profit margin: 3.9% (up from 0.5% in FY 2020). Is New 90 Day High Low • Mar 01
New 90-day high: €19.80 The company is up 21% from its price of €16.37 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.89 per share. Is New 90 Day High Low • Feb 01
New 90-day high: €18.93 The company is up 61% from its price of €11.79 on 03 November 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.98 per share. 
