March 28, 2017
2016 Annual Results and Q4 2016 Sales
Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented: "2016 saw us invest heavily in our transformation and achieve steady growth in our new businesses. Our Enterprise Digital Solutions division consolidated its leadership position, and was named as a leader by research firm Gartner for the fourth year in a row. Neopost Shipping is the only worldwide operator positioned across every aspect of the logistics chain. We are developing a range of digital communication and shipping solutions in our SME Solutions division to mitigate the decline in our legacy businesses. We are also continuing to control costs A particular source of satisfaction is the stabilization of our current operating margin2 in the SME Solutions division and strong cash flow generation across the Group. All in all, our performance in 2016 proves the value of our strategic choices. Looking forward, we confirm our medium-term objectives of returning to organic sales growth, maintaining a current operating margin2 above 18.0%, rising above 20.0% in the longer term."