June 8, 2015

Q1 2015 sales

Q1 2015: GROWTH MOMENTUM CONTINUED FOR COMMUNICATION & SHIPPING SOLUTIONS ACTIVITIES

  • Strong growth in Communication & Shipping Solutions while Mail Solutions decreased​
  • Total sales rose 11.1% in Q1 2015, down 1.4% at constant scope and exchange rates

 

OUTLOOK FOR 2015 CONFIRMED

  • -1% to +2% organic growth in sales projected in 2015
  • 2015 current operating margin (excluding acquisition-related expense) expected at between 19.5% and 20.5% of sales

Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented:

"The strong growth trend of Communication & Shipping Solutions continued. It particularly reflects the success of commercial synergies that we are implementing with our traditional network and that allow us to support our clients’ ever-changing needs. Indeed we are offering them new solutions in the management of client communication, digitization of documents, data quality management, preparation and management of parcel shipments. In the first quarter, this strong growth nevertheless proved insufficient to offset the downturn in Mail Solutions activities, which were particularly affected by delivery delays and lower revenues from postal rate changes. Given the high proportion of our sales outside the euro zone, we have benefited from favorable exchange rates which have led to our sales increasing by more than 11%."