Neopost reported H1 16 results below market expectations. H1 16 revenue reached €557m, a 5% reported decrease but -3.3% organically (-3.8% in Q2 16), including a 4.8% decline for mailing (-5.6% in Q2 16) and +8.8% in CSS (+10.4% in Q2 16). The operating profit was €100m, corresponding to an 18.0% margin. For the CSS division, the current operating margin was 4.6% (versus 7.2% in H1 15), while the mailing division stabilised at 21.0% versus 21.4% last year. Leasing portfolio and othe
29 Sep 2016
Not as bad as it looks
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Not as bad as it looks
Quadient SA (QDT:PAR) | 0 0 0.8% | Mkt Cap: 790.8m
- Published:
29 Sep 2016 -
Author:
Lionel Pellicer -
Pages:
3
Neopost reported H1 16 results below market expectations. H1 16 revenue reached €557m, a 5% reported decrease but -3.3% organically (-3.8% in Q2 16), including a 4.8% decline for mailing (-5.6% in Q2 16) and +8.8% in CSS (+10.4% in Q2 16). The operating profit was €100m, corresponding to an 18.0% margin. For the CSS division, the current operating margin was 4.6% (versus 7.2% in H1 15), while the mailing division stabilised at 21.0% versus 21.4% last year. Leasing portfolio and othe