Pitney Bowes Announces Full Year 2014 and Fourth Quarter Financial Results

SMB Solutions Group

(millions, except percentages)   Fourth Quarter

Revenue

2014

 

2013

 

Y/Y
Reported

 

Y/Y
Ex Currency

 

Y/Y Ex Currency
and Divested
Revenues*

North America Mailing $376 $393 (4%) (4%) (4%)
International Mailing

134

158

(15%)

(9%)

(2%)

SMB Solutions Total $510 $551 (7%) (5%) (3%)
 

EBIT

North America Mailing $166 $176 (6%)
International Mailing

21

18

16%

SMB Solutions Total $187 $195 (4%)
* Excluding the impacts of currency and the divested revenues in Europe related to the exit of a non-core product line in Norway and transition to a dealer sales network in six smaller European markets.
 

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