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    • Key figures

    In 2006, neopost generated €918.5 Million Sales. This reflected record organic growth of 11.9% at constant exchange rates.
    Performance came along with a very sharp increase in profitability due to volume growth, migration of the product mix upmarket, a growing proportion of services, and productivity gains. Current operating margin rose 24.8% of sales in 2005 to 26.0% in 2006, net margin rose from 16.7% to 17.1%.

    All indicators show green light

    Sales
    Current operating margin
    Dividend
    +11.9%
    26%
    €3.30
    at constant exchange rates
    of sales
    per share

     

    Total Sales :
    €918.5 million
    Sales by geographic area

    In 2006, the Group recorded growth in all markets, but North America and the United Kingdom posted the most remarkable performances, respectively
    registering increases of 15.3%* and 24.9%*.
    Sales by business

    In 2006, sales of mailing systems increased 13%* while sales of document and logistics systems
    increased 9%* thanks to the success of new products and cross-selling.
    Sales by revenue category

    In 2006, equipment sales increased 21%*, a very sharp rise due to the Group’s performance in the North American and British markets. Recurring revenue also increased, representing 59% of sales.
         
    Current operating margin (€m)

    In 2006, current operating profit increased by 16.2%.
    Current operating margin increased strongly to 26.0% of sales, mainly as a result of an improved product mix and growing sales of services.
    Net income (€m)

    In 2006, net income increased by 14% thanks to strong growth in current operating profit. Net income
    amounted to €157.3 million, giving a net margin of 17.1% of sales, compared with 16.7% a year ago.
    Gearing

    Neopost’s gearing continued to rise in 2006, in line with our investment and return to shareholder policy.
    However, it is still very low for the industry, given the growing importance of our leasing and financing businesses.