MIL-OSI: Quadient Completes Divestment of Packaging Solutions Business and Production Site, Progressing on Strategy Execution and Industrial Footprint Optimization
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Quadient – Forte performance du chiffre d affaires au premier trimestre 2021 avec une croissance organique de 11,1%
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Paris, 10 March 2021
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, today revises upwards its free cash flow
1 outlook for the full-year 2020 (fiscal year ended on 31 January 2021). Free cash flow is now expected to be above €160 million versus above €130 million previously stated, which will have a positive impact on Quadient’s leverage.
This revised free cash flow outlook primarily comes as a result of tight working capital management, combined with continued monitoring of operating expenses and investments, as well as a good level of activity at year-end.
Quadient confirms that, as stated on 21 January 2021, it recorded an improved level of activity during the fourth quarter ended on 31 January 2021, despite the resurgence of the restrictions due to the COVID-19 pandemic.