September 29, 2015

H1 2015 results

H1 2015: FURTHER STRONG GROWTH FOR COMMUNICATION AND SHIPPING SOLUTIONS

  • Sales up 10.4%, or -1.1% organically
  • CSS activities: organic growth of 16.0%
  • Current operating margin (before acquisition-related expense): 19.1%

 

2015 OUTLOOK CONFIRMED

  • Organic growth in sales expected at between -1% and +1%
  • Current operating margin (before acquisition-related expense) expected at between 19.5% and 20.5% of sales

CAPITAL ALLOCATION POLICY

  • Aiming at greater flexibility to pursue the Group transformation and create value
  • Decision to propose an annual dividend of €1.70 per share for the next 2 to 3 years

Commenting, Denis Thiery, Chairman and Chief Executive Officer of Neopost, said:

 

“We had yet another highly active first half of the year in terms of Group transformation. The integration of Temando, the creation of our joint venture with Esker, the identification of sites for our next 500 Packcity parcel lockers, and the placement of two new CVP-500 automated order packing systems testify to the vitality with which our teams are leading the transformation. In addition, commercial synergies between our Communication and Shipping Solutions businesses and our traditional client base are moving ahead at a sustained pace. The results achieved in the first half of the year are in line with our route plan. We confirm our outlook for the year and maintain our projections for 2017-2019.”