Q1 2016 sales
Q1 2016 sales down 2.8% at constant scope and exchange rates
Decline in the SME Solutions division's sales: down 4.0%, at constant exchange rates
Continued organic growth in Communication & Shipping Solutions Dedicated Units' sales: +7%
"We continue to set our new organizational structure in place. In the SME Solutions division the mail business stabilized in North America during the first quarter, but the decline intensified in Europe, despite a better performance in recurring revenue. We continue to roll out our digital communication and logistics software solutions to our SME customers. The pace of growth of Enterprise Digital Solutions remains very steady. Neopost's Shipping business also posted a strong increase, excluding the impact of the end of the roll-out of the French Army - contract. In addition, we continue to implement cost reduction programs, as planned, and we are confident in our ability to return to a current operating margin in excess of 20% in the medium term."
Denis Thiery, Chairman and Chief Executive Officer of Neopost