December 1, 2014

Q3 2014 sales

THIRD QUARTER 2014: POOR PERFORMANCE IN MAIL SOLUTIONS IN FRANCE

 

 

 

 
  • Q3 sales rose 2.8% in Q3 2014, and declined 0.9% at constant scope and exchange rates
  • Outside France, organic growth was 1.7%
  • Communication & Shipping Solutions rose 26.3%, of which 12.5% was organic

FULL-YEAR 2014 OUTLOOK REVISED

  • Organic growth in sales now projected at close to 0% in 2014
  • 2014 current operating margin before acquisition-related expenses expected to be close to 22%

 

Denis Thiery, Neopost's Chairman and Chief Executive Officer, commented: "We had a poor quarter in France in Mail Solutions where our leadership position means we are particularly exposed to deteriorating conditions in the economy as a whole and the decline in public contracts. The decline in Mail Solutions continued at a slower pace outside France, in line with our forecasts. While the roll-out of Packcity has only just started, organic growth picked up pace in Communication & Shipping Solutions. This was particularly evident in our traditional distribution network, illustrating the successful generation of commercial synergies."