QUADIENT - 2019 Universal Registration Document
MANAGEMENT REPORT Review of Quadient's financial position and results in 2019
3.1.2
INCOME STATEMENT
31 January 2020
31 January 2019
(In millions euros)
100.0 % (26.4) % 73.6 % (4.7) % (24.8) % (18.8) %
100.0 % (24.9) % 75.1 % (5.2) % (25.1) % (17.8) % (8.7) %
Sales
1,142.7
1,091.9
Cost of sales
(302.1)
(271.9)
Gross margin
840.6
820.0
R&D expenses
(53.2)
(56.9)
Selling expenses
(283.3)
(274.1)
Administrative expenses
(214.9)
(194.4)
(9.1) %
Maintenance & other operating expenses
(103.5)
(94.5)
Employee profit-sharing and share-based payments Current operating income excluding expenses related to acquisitions
(0.1) %
(0.1) %
(0.6)
(0.8)
3
16.2 % (1.4) % 14.8 % (0.9) % (7.2) %
18.2 % (1.6) % 16.6 % (1.2) % (1.0) % 14.4 % (2.8) %
185.1
199.3
Expenses related to acquisitions
(15.5)
(17.2)
Current operating income
169.6
182.1
Structure optimization expense
(10.1)
(13.1)
Other operating expenses
(82.5)
(11.5)
6.7 %
Operating income
77.0
157.5
(3.6) %
Financial income/(expenses)
(41.1)
(30.5)
3.1 %
11.6 %
Income before taxes
35.9
127.0
(1.9) %
(3.4) %
Income taxes
(21.4)
(36.8)
0.1 % 1.3 %
0.1 % 8.4 %
Income from associated companies
0.8
1.4
NET INCOME
15.3
91.6
Attributable to: holders of the parent company • non-controlling interests •
1.2 % 0.1 %
8.4 % 0.0 %
14.1
91.5
1.2
0.1
3.1.3
CHANGE IN SALES BY ACTIVITIES
Change at constant exchange rate
Organic change (a) +0.6 % +6.2 % +18.8 % (2.8) % +31.2 % +6.7 %
2019
2018
Change
(In million euros)
+6.6 % +9.1 % +21.1 % +0.1 %
+3.5 % +6.2 % +18.8 % (2.8) %
Major Operations
944.3
886.1
Customer Experience Management
109.5
100.3
Business Process Automation
63.2
52.3
Mail-Related Solutions
728.1
727.5
+627.1 %
+594.4 %
Parcel Locker Solutions
43.5
6.0
(3.6) % +4.7 %
(4.4) % +2.0 %
Additional Operations
198.4
205.8
GROUP TOTAL +1.6 % 2019 sales are compared to 2018 sales to which is added the revenue from Parcel Pending for an amount of 25.9 million (a) euros and deducted the revenue from Satori Software and Human Inference for a total amount of 21.6 million euros. 1,142.7 1,091.9
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UNIVERSAL REGISTRATION DOCUMENT 2019
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