September 28, 2020, 2020 First half year results
(WorldNews Germany)

PRESS RELEASE 2020 SECOND-QUARTER SALES AND FIRST-HALF RESULTS Quadient - Good resilience in the 2020 first half results and continued delivery on key strategic initiatives across all solutions H1 2020 highlights Strong free cash flow1 generation of €76 million in H1 2020 (vs. €21 million in H1 2019) reinforcing our robust liquidity position of €933 million, and low leverage of 0.8x excluding leasing2 as at 31 July 2020; Solid business fundamentals with continued resilience of recurring revenue even in the context of the COVID-19health crisis (-5.9%organically vs. H1 2019, of which -4.5% for Major Operations); Sales of €485 million in H1 2020, a contained organic decline of 12.8%3 vs. H1...