December 1, 2016

THIRD-QUARTER 2016 SALES

THIRD-QUARTER 2016 SALES

Improved performance in a very challenging mail market environment

  1. Q3 2016 sales down 2.1% at constant scope and exchange rates
    • Slower decline of SME Solutions compared to previous quarters
    • Robust underlying growth in Communication & Shipping Solutions Dedicated Units

 

Neopost’s transformation progresses

  1. Share of Communication & Shipping Solutions in total Group sales up to 26.8% in third-quarter 2016
 

Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented: "We recorded our best quarterly performance in the past 4 quarters thanks to a slower decline in our SME Solutions division. Nonetheless the mailroom equipment market remains very challenging. Besides, we are very pleased with the strength of the underlying growth in our Communication & Shipping Solutions businesses in SME Solutions, Enterprise Digital Solutions and Neopost Shipping. The integration of icon Systemhaus in the Group is progressing to plan. We are continuing with our transformation process and the Communication & Shipping Solutions businesses as a whole accounted for close to 27% of our sales in Q3 2016. At the same time, we are maintaining our drive to control costs in the SME Solutions division. All these factors validate our mid-term ambitions for the Group."