Neopost H1 profits surge, raises operating margin target
Europe’s largest mailroom equipment firm Neopost on Tuesday raised its operating margin forecast for the third time this year as robust sales helped to lift its interim operating profit by a larger-than-expected 20 percent.
Neopost, which last month reported a 9-percent surge in first-half sales, said it now expected its operating profit margin to be above 24 percent for the current fiscal year ending January 31, 2006. The company, which shares 80 percent of the world market for postal equipment with its larger US rival Pitney Bowes had previously said it was confident it could achieve a margin of 24 percent. “2005 will be another great year for Neopost,” Chief Executive Jean-Paul Villot said in a statement.
