(BFM Stock Exchange) – The tricolor specialist in logistics equipment and the treatment of quadut mail revives its annual prospects after a lower half -yearly performance of the mail treatment activity in the United States.

Unsurprisingly, the announcement of a downward revision of quadient prospects does not please the market. The title of the company created in 1924 under the name of Société des Machines Havas (SMH) plunges from 17.6%, around 3:45 p.m., to fall back to unexplored depths since December 2022.

The ex-Neopost was forced to adjust his ambitions for 2025, judging that his performance of the first half and the rebound less strong than anticipated by his “mail” activity (mail treatment) in the United States in the second half of the year compromised the achievement of his initial objectives, however maintained in June.

For 2025, the company now expects a slight withdrawal into comparable data from its turnover and a current operating profit in “a range from stable to a slight decline” in organic data. Quadient previously anticipated an expected acceleration of its turnover in organic and an increase in the operating profit current compared to 2024.

Online results

This revision of objectives occurs while the supplier of equipment and software for customer relations management has unveiled its results of the first half. Between February and July 2025, the group unveiled a consolidated turnover of 517 million euros, down 3.2% in published data and 3.0% in comparable data.

This fall in income is linked to a drop in equipment sales in the “email” activity in North America, under the effect of macroeconomic uncertainty in the United States, which delayed customer decision-making. This activity also suffered from an unfavorable basic effect since last year, the group had benefited from the increase in sales linked to “award”, which focused on a renewal of the fleet of machines to be freed in the United States.

The “lockers” activity, the instructions for packages, increased by more than 11%, when the “digital” division increased by 7.2% and maintain “a solid growth trajectory” for TP ICAP Midcap.

The gross operating result (EBITDA) reaches 109 million euros, withdrawn by 2% over one year. The corresponding margin thus stands at 21%, up 0.2 points (0.2 percentage point) compared to the first half of 2024, “supported by the solid profitability of the email activity and significant margin gains made in the lockers”, explains the ex-Neopost.

The current operating profit (EBIT) is stable at 60 million euros, which reflects a margin at 11.5%, also stable compared to the first half of 2024.

For TP ICAP Midcap, this publication comes out online with expectations “. The design office estimates that the “Newsflow (news flow) is certainly negative but on the current courses it does not call into question neither the equity story (stock market history), nor the potential for considerable revaluation of the title”, which confirms it in its opinion on the purchase on the file, with a target of slightly revised course at 28 euros, against 29 euros previously.