First quarter sales 2017
First quarter 2017 in line with expectations
- Q1 2017 sales up +1.2%, and down -1.6% at constant scope and exchange rates
- Organic growth reported by the two divisions: Enterprise Digital Solutions and Neopost Shipping
- Resilient performance by the SME Solutions division
Paris, June 1, 2017
Neopost, a global leader in digital communications, shipping and mail solutions, today announced €276 million in consolidated sales for the first-quarter of 2017 (period ended on April 30, 2017), up +1.2% compared with the same period in 2016. Excluding positive currency effects, growth was down -0.6%. Organic growth excluding the scope effects from the acquisition of icon Systemhaus was -1.6%. This performance reflects the slower decline in SME Solutions and organic growth generated by the two divisions, Enterprise Digital Solutions and Neopost Shipping.
Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented:
"Our performance in the first quarter of 2017 is in line with our expectations. Organic growth recorded by our Enterprise Digital Solutions (EDS) and Neopost Shipping divisions were mid-single digit at the beginning of this year. Sales activity was steady in the EDS division, while Neopost Shipping continued to effectively roll out its global solutions across the entire logistics value chain. We are confident in our capacity to generate double-digit growth in these two divisions for the full-year 2017.
The SME Solutions division showed good resilience. The decline in our legacy businesses remains within the expected range. This decline is mitigated by the growth in digital communications and shipping solutions - both areas that continue to demonstrate strong potential.
All in all, this first quarter supports our objective of returning to growth in the medium-term."
1 Q1 2017 sales are compared with Q1 2016 sales with the addition of €2.9 million in sales generated by icon Systemhaus (three months).