Pitney Bowes Announces Full Year and Fourth Quarter 2017 Financial Results

Production Mail

Equipment sales grew double-digits versus prior year largely due to higher print and sorter equipment placements. EBIT margin declined from prior year primarily as a result of the mix of products within equipment sales.

Presort Services

Revenue growth was driven by improved revenue per piece along with higher First Class mail, parcel and flats volumes processed, but partly offset by lower Standard Class mail volumes processed. EBIT margin was relatively flat to prior year.

Digital Commerce Solutions Group

($ millions)       Fourth Quarter
Revenue

2017

   

2016

   

Y/Y

Reported

   

Y/Y

Ex Currency

Software Solutions $88 $91 (3%) (5%)
Global Ecommerce

263

98

169%

168%

Digital Commerce $352 $189 86% 84%
 
EBIT
Software Solutions $10 $12 (15%)
Global Ecommerce

-

6

(100%)

Digital Commerce $10 $18 (42%)
 

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