Quadient Sa (NPACF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and welcome to Quadient Full Year 2024 results presentation. I am Anne-Sophie Jugean, Quadient's new Head of Investor Relations. Today's presentation will be hosted by Geoffrey Godet, CEO, and Laurent Dupassage, CFO. The agenda for today's call is on slide three. As usual, there will be an opportunity to ask questions at the end of the presentation. You can submit your questions in writing, through the web, or ask questions live by dialing into the conference call. Thank you very much, and with that, over to you, Geoffrey. Thank you, Anne-Sophie, and welcome. Good evening, everyone. Let me start by highlighting our key achievement for 24. So first and foremost, I wanted to share that we successfully met all our financial targets for the year. We delivered €1.93 billion in revenues, up 2.8% on a reported basis, and up 0.4% on an organic basis. Our current EBIT for the period was €146 million. This represents an organic increase of 2.2%, mostly driven by significant improvement in the profitability of our digital and locker automation platforms. Beyond the financial performance, we have also successfully started to execute our strategic roadmap, as you know, Elevate to 2030 that we have announced in June last year. Our digital business delivered robust growth in both subscription-related revenue and profitability. We also continued to expand our subscription-based revenue model, and we'll get into more details today with you. And we also launched our share buyback program, which demonstrates our confidence in our value creation potential. And finally, additionally, we successfully raised approximately €325 million in new facilities to refinance our 2025 debt. Last but not least, we completed two acquisitions this year, one in mail and one in lockers, both ...