QUADIENT // 2021 Universal Registration Document

3

MANAGEMENT REPORT

3.1.8 3.1.9

Operating income Financial income

80 80

3.1

REVIEW OF QUADIENT’S FINANCIAL POSITION AND RESULTS IN 2021

72 72 77 77 78 79 80 80

Net income 3.1.10

81 81

3.1.1 3.1.2 3.1.3 3.1.4 3.1.5 3.1.6 3.1.7

Highlights

3.1.11

Financial position

Income statement

Dividend 3.1.12

82 82

Change in sales by activity and

Share buyback program 3.1.13

geography

OWNERSHIP STRUCTURE 3.2

82

Major Operations

Additional Operations

INFORMATION ON TRENDS 3.3 AND OUTLOOK

Research and Development effort

84

Current operating income

71

UNIVERSAL REGISTRATION DOCUMENT 2021