(AOF) – Quadient (ex Neopost) lifted the veil on Monday evening on its results for the 2019 financial year (ended end of January). Thus, the specialist in mail processing solutions and automatic lockers generated a net profit (group share) of 14 million euros last year, down 84.6% compared to 2018. For his part , current operating income (excluding expenses related to acquisitions) came to 185 million euros, down 7.1% year-on-year. As for turnover, it stood at 1.14 billion euros, up 4.7% based on published data and 1.6% organically.
The board of directors will make a decision by the end of May regarding the proposal it will submit to the approval of the General Meeting regarding the dividend for the 2019 financial year.
Given the rapid evolution of the Covid-19 pandemic and the uncertain economic context of the coming months, Quadient is not able to give indications for 2020 to date. In addition, the group is suspending indications data for 2022 as part of the “Back to Growth” plan.
To cope with the situation, Quadient implemented measures to adapt operations on a case-by-case basis while maintaining continuity of service. Finally, the group claims to have a strong liquidity position at the end of January 2020: 498 million euros in cash and 400 million euros in undrawn lines of credit.
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After four years of strong growth, driven in particular by aeronautics, the automobile and mechanics, purchases of machine tools in France fell slightly in 2018 according to the annual market study of Symop, the professional union of the sector . Sales reached 1.632 billion euros in France, down 0.6% compared to 2017. Faced with this slowdown, French producers have held up better than their European neighbors, especially German and Italian. Their positioning in niche markets, which are rather high-end, is therefore beneficial to them. With 739 million euros of machines produced in 2018, they constitute only 3% of European production. Orders increased very slightly (+ 0.9%).
The Symop expects a growth of 2% in the machine tool market in 2109 due to the international economic situation, marked by Brexit and the Sino-American trade war.
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