Quadient: downgraded after its 2026 and 2030 targets
In particular, the group is aiming for total sales of 1.3 billion euros and current EBIT of 250 million in 2030. For 2024 to 2026, it expects minimum average annual growth of 1.5% for sales and 3% for recurring EBIT.
"On the basis of the 2024-26 plan, the Group could post minimum sales of 1.11 billion euros and EBIT of at least 171.5 million, estimates that are lower than our current expectations (185 million for EBIT)", commented Oddo BHF.
This new roadmap reflects a gradual improvement in profitability, with an EBITDA margin expected to be between 20% and 30% depending on activities by 2030", notes the analyst, who also points to a still modest valuation.
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