Neopost: confirms targets for FY 2019

(CercleFinance.com) - On Monday evening, Neopost announced Q1 2019 consolidated sales of 266 million euros, up 6.
9% y-o-y. 

Excluding FX and changes in its consolidation scope, related to the acquisition of Parcel Pending and the disposals of Satori Software and Human Inference, organic growth reached 2.9%. 71% of sales were recurrent.

Regarding 2019, unless economic conditions deteriorate, Neopost still expects almost flat organic sales growth.

"The Group also expects a decrease in its 2019 current operating income, excluding currency effects, compared to the 2018 current operating income, excluding earn-out reversal. This takes into account the new initiatives launched this year to enable the “Back to Growth” plan," it said.


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