September 4, 2014

Q2 2014 sales

Significant improvement in growth in Q2 2014

Sales up 1.4%, i.e. +3.2% at constant exchange rates
Organic growth of 1.2%

Outlook for 2014 unchanged

2014 organic sales growth expected between +1% and +3%
2014 current operating margin before acquisition-related expense2 expected between 22.5% and 23.5%

Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented: "As we anticipated, there was a significant improvement in growth in the second quarter, both for Mail Solutions and for Communication & Shipping Solutions. In North America, the Group saw a return to solid growth while the performance in Europe and in the Rest of the World remained strong. We are on track to achieve our annual targets. "