Pitney Bowes Announces First Quarter 2013 Results

International Mailing revenue benefited from increased sales from the second half 2012 launch of Connect+™ mailing systems in France and Germany and postal rate change related revenue in France. This was offset by lower equipment sales in the UK due to the weak economic environment, as well as lower sales in the Nordics. EBIT was adversely impacted by higher product costs associated with foreign currency movements and costs related to facilities consolidation.

Enterprise Business Solutions Group

                   
    1Q 2013     Y-O-Y Change     Change ex Currency
Revenue $569 million (4%) (3%)
EBIT     $42 million     (36%)      
 

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