Page 1

PRESS RELEASE 2021 THIRD - QUARTER AND NINE - MONTH SALES quadient Because connections matter . Quadient reports solid nine - month 2021 sales performance and expects strong commercial momentum to continue into the fourth quarter Key highlights Consolidated sales of € 752 million in 9M 2021 , reflecting an organic growth of + 7.2 % ¹ compared to 9M 2020 · Q3 2021 sales of € 248 million , almost stable on an organic basis ( -0.3 % ² ) versus Q3 2020 ; Good revenue performance across all solutions in 9M 2021 : • ■ Intelligent Communication Automation : Strong double - digit organic³ growth in subscription - related revenue ( + 20.1 % ) and 2,000+ new customers gained across all solutions Mail - Related Solutions : Strong recovery in hardware sales ( + 17.6 % ) leading to positive organic³ revenue growth in all geographies , significantly outpacing competition Parcel Locker Solutions : Sales up 22.5 % organically³ , driven by a double - digit growth in subscription - related revenue and hardware sales ; 2,200+ new lockers deployed , expanding the installed base to 15,100+ units Successful issuance of a € 270 million new Schuldschein private placement Updated 2021 outlook • With a backlog at the highest level of the year at the end of 9M 2021 and solid bookings expected across all solutions in Q4 2021 , as planned , but considering the current supply chain tensions , Quadient now expects for full - year 2021 : Organic sales growth around 4 % ( versus above 4 % previously ) Current EBIT4 organic growth around 5-6 % ( versus above 6 % previously ) 2021-2023 guidance on both sales and current EBIT4 organic5 CAGR confirmed Paris , 7 December 2021 , Quadient ( Euronext Paris : QDT ) , a leader in business solutions for meaningful customer connections through digital and physical channels , announced today its 2021 third - quarter and nine - month consolidated sales . Geoffrey Godet , Chief Executive Officer of Quadient , stated : " As expected , after a strong first half of the year , third - quarter organic sales growth was stable due to a much higher base of comparison . Our software business performance was strong , with more than 800 net new customers gained in the third quarter , an accelerated growth in annual recurring revenue and a sustained increase in the use of our cloud platforms . Our resilient mail - related business continued outpacing competition thanks notably to the successful placement of our new generation product line . As evidenced by the 600 new units installed in the third quarter alone , our parcel locker business continued to benefit from a sustained rollout across all verticals , a fast scaling of our open networks as well as from the success of our Lite lockers . 19M 2021 sales are compared to 9M 2020 sales , from which is deducted ( prorata temporis ) revenue from ProShip , the Graphics activities in Australia and New Zealand and the Automated Packaging Systems business , and to which is added ( prorata temporis ) revenue from YayPay and Beanworks , for a total amount of - € 25 million , and are restated from a € 18 million negative currency impact over the period . 2 Q3 2021 sales are compared to Q3 2020 sales , from which is deducted ( pro rata temporis ) revenue from the Graphics activities in Australia and New Zealand and the Automated Packaging Systems business , and to which is added ( pro rata temporis ) revenue from Beanworks , for a total amount of - € 12 million , and are restated from a € 2 million positive currency impact over the period . 3 Within Major Operations . 4 Current operating income before acquisition - related expenses . 5 On the basis of 2020 current operating income before acquisition - related expenses excluding Parcel Pending's earn - out reversal , i.e. € 145 million , with a scope effect resulting in a € 140 million proforma . 1/9