QUADIENT - 2019 Universal Registration Document

3

MANAGEMENT REPORT

3.1

REVIEW OF QUADIENT'S FINANCIAL POSITION AND RESULTS IN 2019

OWNERSHIP STRUCTURE 3.2

75

68 68 69 69 70

INFORMATION ON TRENDS 3.3 AND OUTLOOK

77

3.1.1

Highlights

Income statement 3.1.2

Change in sales by activities 3.1.3

Major Operations 3.1.4 Additional Operations 3.1.5

71 71 71

Research and development effort 3.1.6

Current operating income 3.1.7

Operating income 3.1.8 Financial income 3.1.9

72 72 72 73 74 74

Net income 3.1.10

Financial position 3.1.11

Dividend 3.1.12

Share buyback program 3.1.13

67

UNIVERSAL REGISTRATION DOCUMENT 2019