Neopost: expects sales to be almost flat in 2019
(CercleFinance.com) - Neopost has reported FY 2018 sales that are down 1.
8% at 1,092 million euros, although just up (+0.2%) in organic terms compared to 2017.
Underlying operating profit came in at 199 million euros, against 202 million euros in 2017. The group's underlying operating margin remained stable at 18.2%.
Net income, group share amounted to 92 million euros, down 31.6%. In particular, this decrease results from the impact of acquisitions, disposals of assets, tax and asset impairment, the group said. Its net margin was 8.4%, compared with 12.0% in 2017.
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