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Place de cotation: AMSTERDAM
STOCK EXCHANGE
Océ is one of the
world's leading suppliers of professional printing and document management
systems. For offices, industry and the graphics market the company develops
and manufactures systems for the production, distribution and management
of documents, in colour and black and white, in small format and in wide
format.
This relates to printers,
scanners, perpheral equipment and printing media but also to document management
software and innovative products in the areas of system integration, outsourcing
of document management activitiees and leasing of machines.
Océ focuses primarily
on professional environments in which its products are well-konown for
their productivity and reliability, ease of use and favourable total cost
of ownership. The company has built a world-wide reputation as an innovative
business in both a commercial an technological respect.
Océ is commercially
active in 80 countries and has its own sales and services establishments
in over 30 countries. In Europe and the United States it also operates
research and manufacturing facilities in various locations. In 2005 Océ,
which employs more than 24,000 people, achieved revenues of € 2.7
billion and a net income of € 80 million.
http://www.oce.com/
Océ
Results third quarter 2008 PDF
Highlights
third quarter:
Total
revenues € 700.1 million [-1.5% organically, excluding fax]
Normalized
operating income € 16.8 million [2007: € 21.2 million]
One-off
items of € 28.0 million lead to operating income of - € 11.2
million
Cost
reduction program on track
Color
increases to 26% of revenues [2007: 20%]
Third
quarter highlights*:
Revenues
growth of DDS lower than expected.
Revenues
in WFPS continue to develop well.
Operating
income up by 27%.
Integration
of Océ Imagistics is progressing well.
Operating
income of about € 90 million expected for 2006.
Download
the full report
Results
third quarter/9 months 2006 (PDF 252 kb, 12 pages)
Summary
Salient
figures Third quarter Nine months
In
million euro 2006 2005** 2006 2005**
Total
revenues 740.6 649.6 14.0% 2,278.3 1,912.8 19.1%
EBITDA
66.7 47.9 39.2% 208.7 145.8 43.2%
EBITA
25.9 16.8 54.2% 85.3 54.4 56.9%
Operating
income (EBIT) 16.7 13.2 27.0% 58.5 41.9 39.5%
Net
income 6.4 8.6 -25.3% 30.5 28.4 7.5%
In
euro per share
EBITDA
0.79
0.57
38.9%
2.49
1.74
42.8%
Net
income to holders of ordinary shares 0.07 0.10 -29.4% 0.35 0.32 9.8%
*
The figures in this report are unaudited. The report has been prepared
on the basis of IFRS.
**
Recalculated on the basis of IFRS.
Comments
by CEO Rokus van Iperen:
'DDS,
excluding Océ Imagistics, had a disappointing quarter. Revenues
decreased as a result of delivery problems and price pressure in the market.
In the meantime we have a well-filled order portfolio and the delivery
problems have largely been solved, which means that revenues will pick
up again to a substantial extent in the fourth quarter.
The
integration of Océ Imagistics continues to progress well. The business
synergies and cost savings planned for 2006 will be achieved.
WFPS
again booked strong quarterly results and also has a strong order position
for the fourth quarter.
Strong,
new products, the growing momentum of Océ Imagistics and the full
effect of the cost-reduction measures will provide support for revenues
and income.'
Océ
N.V.
3
October 2006 |
