QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

The most important subsidiaries, in term of percentage of Group sales, are the following:

31 January 2021

31 January 2020

30.1 13.6 6.3 4.8 4.1 2.8 61.7 38.3

30.1 13.7 5.9 5.3 4.0 3.3 62.2 37.8

Quadient Inc.

Quadient France

Quadient Leasing USA Inc.

Quadient UK Ltd

Quadient Germany GmbH & Co. KG

Quadient Oceania Pty Ltd*

Main subsidiaries

Other subsidiaries

100.0

100.0

TOTAL

On 21 January 2021, Quadient divested the company Quadient Oceania Pty Ltd. *

6

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UNIVERSAL REGISTRATION DOCUMENT 2020