Q2 revenue came in at €300.1m, +9.8% yoy reported growth but a -0.8% organic decline including +15.7% for Communication and Shipping Solutions, while Mail Solutions was down 4.9% organically, a slight improvement vs Q1 (-5.5% ). Improvement is expected by the management in the mail business in H2 15. The decline in recurring revenues has stabilised at c.-3% while Mail Solutions' revenue decline was limited in North America as the supply issues encountered in Q1 15 are now fixed. In H1 15
04 Sep 2015
Not as bad as feared
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Not as bad as feared
Quadient SA (QDT:PAR) | 0 0 0.8% | Mkt Cap: 790.8m
- Published:
04 Sep 2015 -
Author:
Lionel Pellicer -
Pages:
2
Q2 revenue came in at €300.1m, +9.8% yoy reported growth but a -0.8% organic decline including +15.7% for Communication and Shipping Solutions, while Mail Solutions was down 4.9% organically, a slight improvement vs Q1 (-5.5% ). Improvement is expected by the management in the mail business in H2 15. The decline in recurring revenues has stabilised at c.-3% while Mail Solutions' revenue decline was limited in North America as the supply issues encountered in Q1 15 are now fixed. In H1 15