NEOPOST - 2018 Registration document

3

MANAGEMENT REPORT

Review of the Neopost group’s financial position and results in 2018

Ownership structure

61

56 56 57 57 58 58 59 59 59 59 60 60

Indications related to “Back to Growth” strategy and implications for 2019

Highlights

Income statement

63

Change in sales by division

Research and development effort

Current operating margin

Operating income Financial income

Net income

Financial position

Dividend

Share buyback program

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REGISTRATION DOCUMENT 2018 / NEOPOST