Solid Revenue Growth Expected for Full Year, Reflecting a Disciplined Management and Mitigation of Supply Chain Issues Raised in December 2021
Full-year 2021 outlook confirmed1:
- Total sales expected1 at around 1,024 million euros, representing an organic sales growth around 4.3%
- Current EBIT2 expected1 organic3 growth unchanged at around 5-6%
Quadient, a leader in business solutions for meaningful customer connections through digital and physical channels, announced that, so far, it has been successful in managing and mitigating the supply chain issues that were mentioned early December 2021.
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Quadient indicated in December that it was experiencing increasing supply chain tensions in hardware manufacturing due to lower availability of components and shipping delays. These supply chain tensions were expected to potentially have a 5 to 10 million euros impact on its full-year 2021 sales figures due to delayed deliveries. By the end of the third quarter, these delays had resulted in the highest backlog of the year. While the Group recorded solid bookings across solutions in the fourth quarter despite the impact of the Omicron COVID-19 wave, supply chain tensions remained at their peak in December and January. While these challenges continue today, and thanks to its supply chain efforts and agility, the Group has succeeded so far to overcome these difficulties and deliver timely the Group’s smart hardware solutions to its clients.
Consequently, full-year 2021 total sales (fiscal year ending on 31 January 2022) are expected1 at around 1,024 million euros, which represents an expected1 organic sales growth around 4.3%, reflecting a solid growth in the upper end of the guidance of around 4%.
Full-year 2021 current EBIT2 expected1 organic3 growth remains at around 5-6% despite the impact from higher supply chain costs.
Full-year 2021 results will be released on 28 March 2022.
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