2020 First Half Results
RESILIENCE
Good resilience thanks to recurring model
Continued resilience of recurring revenue; contained decline of sales; gradual recovery starting from May
PROFITABILITY
Active cost and cash management
Tight cost management; strong cash flow generation in H1 2020; robust liquidity position & low leverage as of 31 July 2020
STRATEGY
Strong delivery on strategic initiatives
Multiple product launches across all solutions; >60M€ worth of new multi-year contracts for PLS; acquisition of YayPay; new partnerships (Infosys, Kitewheel, Premier)
2020 Outlook
Revenue trend expected to improve in H2
Excluding worsening economy in the coming months, revenue trend is expected to improve in H2 2020, driven by the growth in BPA and PLS
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Quadient recorded a solid performance in 2019 compared with the trends observed in our markets. I would like to thank our employees for their outstanding contribution and to our customers and partners for their trust in our solutions. We will continue demonstrating the values we stand for, Empowerment, Passion, Inspiration and Community.
CEO, Quadient
