Quadient Sa (NPACF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.877 Good evening and welcome to Quadient's third quarter 2025 sales presentation. 00:00:05.877 -- 00:00:10.703 I am Anne-Sophie Jean, Quadient's Head of Investor Relations, and I am here today with 00:00:10.703 -- 00:00:15.205 Geoffrey Godet, CEO, and Laurent Dupassage, CFO. 00:00:15.648 -- 00:00:19.072 We will have a short presentation followed by a Q&A. 00:00:19.072 -- 00:00:24.718 You can submit your questions in writing through the web or ask questions live by dialing 00:00:24.718 -- 00:00:27.401 into the conference call. Thank you very much. 00:00:27.401 -- 00:00:29.748 And with that, over to you, Geoffrey. 00:00:29.748 -- 00:00:34.092 Thank you, Anne-Sophie, and good evening, everybody. 00:00:34.092 -- 00:00:36.674 For the third quarter of 2025, 00:00:36.674 -- 00:00:40.598 Quadium delivered €248 million in revenue. 00:00:40.598 -- 00:00:46.083 While this reflects a 3.5% organic decline year-on-year, our growth engines 00:00:46.083 -- 00:00:49.065 continue to show a strong momentum. 00:00:49.065 -- 00:00:55.171 Digital accelerated with a 9.2% organic growth, driven by and sustained 00:00:55.171 -- 00:00:58.655 subscription growth across all regions. 00:00:58.655 -- 00:01:03.321 Our lockers business accelerated in subscription growth and once again posted double-digit 00:01:03.321 -- 00:01:05.643 subscription revenue growth. 00:01:05.643 -- 00:01:10.369 Subscription growth for the lockers is fueled by increasing customer adoption and the 00:01:10.369 -- 00:01:16.696 continued modernization of our U.S., Japanese, and European locker networks. 00:01:16.696 -- 00:01:21.402 Meanwhile, mail remained broadly in line with the previous quarter's trends, and we now 00:01:21.402 -- 00:01:26.526 expect the rebound in U.S. hardware sales in t...