Quadient Sa (NPACF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.919 Good evening and welcome to Quadient's first quarter 2025 sales presentation. 00:00:05.919 -- 00:00:10.966 I am Anne-Sophie Jujan, Quadient's head of investor relations, and I am here today 00:00:10.966 -- 00:00:15.773 with Geoffrey Godet, CEO, and Laurent Dupassage, CFO. 00:00:15.773 -- 00:00:19.118 We will have a short presentation followed by a Q&A. 00:00:19.118 -- 00:00:24.746 You can submit your questions in writing through the web or ask questions live by dialing 00:00:24.746 -- 00:00:27.429 in into the conference call. Thank you very much. 00:00:27.429 -- 00:00:29.832 And with that, over to you, Geoffrey. 00:00:29.832 -- 00:00:32.173 Thank you Anne-Sophie. 00:00:32.558 -- 00:00:38.510 Good evening everybody. For the first quarter of 2025, we posted €258 00:00:38.510 -- 00:00:43.460 million in revenue. This represents a 1.1% 00:00:43.460 -- 00:00:48.507 reported decline compared to the same period last year. 00:00:48.614 -- 00:00:52.579 As we highlighted during our last result conference call, this performance was, for the 00:00:52.579 -- 00:00:57.746 most of it, anticipated. As you'll remember, I set the expectation we would 00:00:57.746 -- 00:01:02.833 have a low Q1 and a progressive improvement quarter after quarter. 00:01:02.833 -- 00:01:06.618 In terms of Q1 solution achievement, I want to highlight a few things. 00:01:06.618 -- 00:01:11.705 We have, once again, posted another strong quarter for our digital and local 00:01:11.705 -- 00:01:18.411 solutions, with double-digit growth in subscription-related revenue for both solutions. 00:01:18.685 -- 00:01:23.793 Their strong performance underscored the strengths and the success of our 00:01:23.793 -- 00:01:28.319 offering against our competition and the fast pace of innova...