PRESS RELEASE
ACCELERATION OF GROWTH IN SECOND QUARTER 2011:
Sales up 7.8% at constant exchange rates 2011 OUTLOOK:
Sales growth expectations revised upwards to between +4% and +6% at constant exchange rates
Expectations regarding the current operating margin 1 confirmed at between 25.5% and 26% of sales
Paris, 1 September 2011
Neopost, the European leader and the world’s number-two supplier of mailroom solutions, today announced consolidated sales of 249.4 million for the second quarter of the 2011 financial year (ended 31 July 2011), an increase of 2.2% compared with the second quarter of 2010. At constant exchange rates, sales increased 7.8%. In the first half of 2011, the Group generated sales of 483.6 million, up 5.9% at constant exchange rates.
Denis Thiery, Chairman and Chief Executive Officer of Neopost, stated: « Our growth accelerated in the second quarter and all our sales components increased. North America is still a key growth engine, but all our other markets also reported growth. Our two divisions, Mailing systems and Document and logistics systems, increased at the same pace. By type of revenue, recurring revenues continued to grow and equipment sales rose strongly. »
Sales growth by region
Change at Change at
Q2 Q2 constant H1 constant million Change H1 2010 Change 2011 2010 exchange 2011 exchange rates rates
North America 96.4 102.2 -5.7% +7.2% 194.2 194.4 -0.1% +8.2%
France 66.7 65.9 +1.2% +1.2% 126.5 127.5 -0.8% -0.8%
UK 29.6 28.8 +2.6% +7.2% 57.6 56.3 +2.3% +3.7%
Germany 19.2 17.8 +8.3% +8.7% 35.8 34.8 +2.8% +2.9%
Rest of the world 37.5 29.2 +28.2% +24.6% 69.5 57.9 +20.0% +16.5%
Total 249.4 243.9 +2.2% +7.8% 483.6 470.9 +2.7% +5.9% 1
Current operating profit / sales
Limited review procedures are currently being carried by the statutory auditors. 1/4

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