NEOPOST - 2018 Registration document

6

Financial statements

Analysis of Neopost S.A.’s annual results

Shareholders’ equity

Neopost S.A.’s shareholders’ equity amounts to 371.4 million euros as at 31 January 2019, an increase of 7.5 million euros year-on-year. This increase corresponds to the 2018 net income, after deduction of 31.0 million euros paid to shareholders for the balance of 2017 dividends.

Trade payables and receivables ageing

Invoices received and issued not paid at the end of the financial year and for which the payment term has expired (article D.441-4)

31 January 2019

Number of invoices

Trade payables - Ageing Not due • between 1 and 30 days

30.3

134

• • • •

1.1 0.2 0.0 0.3

20 12

between 31 and 60 days between 61 and 90 days

2

More than 90 days

35

TOTAL

31.9

203

Suppliers are contractually paid within 30 days.

31 January 2019

Number of invoices

Trade receivables - Ageing Not due • between 1 and 30 days

14.9

180

• • • •

- - -

- - -

between 31 and 60 days between 61 and 90 days

More than 90 days

3.4

77

TOTAL

18.3

257

Customer payments are contractually collected within 30 days. Trade receivables due for more than 90 days exclusively concern the Italian subsidiaries

Five-year results table

31/01/2015 31/01/2016 31/01/2017 31/01/2018

31/01/2019

Share capital Capital at year end closing

34.6

34.6

34.6

34.6

34.6

Number of shares

34,562,604

34,562,912

34,562,912

34,562,912

34,562,912

Operations and earnings Sales excluding tax

19.1

34.9

44.6

45.3

33.8

Earning before taxes, depreciation/amortization and provisions

64.2

40.5

277.0

89.0

97.4 10.3

Income taxes

8.0

6.6

1.9 1.2

9.9

Amortization expense and provisions

(1.7) 70.5 134.3

(0.2) 47.0 58.5

(20.0)

(69.2)

Net income

280.1

78.9 58.5

38.5 18.2

Distributed earnings

58.6

Earnings per share (in euros) Earnings after tax, before depreciation/amortization and provisions Earnings after tax, depreciation/amortization and provisions

2.09

1.36

8.07

2.86

3.12

2.04 3.90

1.36 1.70

8.10 1.70

2.28 1.70

1.11 0.53

Dividends paid

Employees Average headcount

33

34

35

35

39

Payroll

6.4 3.7

5.6 3.7

5.6 2.8

5.6 4.9

7.3 4.8

Employee benefits paid (Social security, social welfare)

177

REGISTRATION DOCUMENT 2018 / NEOPOST