During a Paris road show with the company, following its H1 15 results and the change in dividend policy, we had the opportunity to discuss several issues with the CFO. The company's increasing focus on its transformation towards solution & software resulted in a sharp cut in the dividend (from €3.90 to €1.70), a margin erosion in H1 15 due to R&D investment, acquisition costs and lower margins from the companies acquired. However, the normative growth of the new businesses
15 Oct 2015
Management looks confident of the transformation story
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Management looks confident of the transformation story
Quadient SA (QDT:PAR) | 0 0 0.8% | Mkt Cap: 790.8m
- Published:
15 Oct 2015 -
Author:
Lionel Pellicer -
Pages:
3
During a Paris road show with the company, following its H1 15 results and the change in dividend policy, we had the opportunity to discuss several issues with the CFO. The company's increasing focus on its transformation towards solution & software resulted in a sharp cut in the dividend (from €3.90 to €1.70), a margin erosion in H1 15 due to R&D investment, acquisition costs and lower margins from the companies acquired. However, the normative growth of the new businesses