Neopost : First Quarter 2018 Performance In Line With The GroupS Expectations
Summary
Neopost, a global leader in digital communications, shipping and mail solutions, today announced €249 million in consolidated sales for first-quarter 2018 (period ended April 30, 2018), down -9.7% versus first-quarter 2017.Geoffrey Godet, Chief Executive Officer of Neopost, commented: "Our revenue at the start of this year is in line with expectations.Revenue generated by Packcity automated parcel lockers in Japan grew sharply as the installed base increased on the back of the large-scale roll-out since mid-2017.On the basis of innovation efforts identical to those in 2017, and continued cost-cutting at SME Solutions, the Groups current operating margin excluding acquisition-related expense should come out at around 18%.Neopost provides the most advanced solutions for physical mail processing (mailing and folder-inserter systems), digital communication management (Customer Communications Management and Data Quality applications), and supply chain and e-commerce process optimization (from point of sale to delivery, including associated tracking services).