Quadient released mixed H1 results, with sales being dragged by the weak performance of the mail legacy business, in spite of the resilience shown by the Parcel Locker and Business Process Automation divisions. While profitability also suffered, cash generation was surprisingly sturdy, led by diligent cost cutting and favourable working capital movements. Given the increased visibility, the announced FY20 guidance stands only slightly above our current conservative estimates, leaving room for
29 Sep 2020
Sticking to a cautious H2 scenario
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Sticking to a cautious H2 scenario
Quadient SA (QDT:PAR) | 0 0 0.8% | Mkt Cap: 790.8m
- Published:
29 Sep 2020 -
Author:
Jorge Velandia -
Pages:
3
Quadient released mixed H1 results, with sales being dragged by the weak performance of the mail legacy business, in spite of the resilience shown by the Parcel Locker and Business Process Automation divisions. While profitability also suffered, cash generation was surprisingly sturdy, led by diligent cost cutting and favourable working capital movements. Given the increased visibility, the announced FY20 guidance stands only slightly above our current conservative estimates, leaving room for