Summary:
| |
1st quarter 2003* |
|
In million euro
Total revenues |
677.2 (- 15.2%) |
|
| EBITDA |
86.3 (- 16.7%) |
|
| EBIT |
41.5 (- 24.3%) |
|
| Net income |
21.2 (- 18.1%) |
|
In euro
Net income per share |
0.24 (- 18.1%)
|
|
* The figures stated are unaudited.
- Revenues down by 15.2%; half due to exchange rate effects.
- Net income euro 21.2 million (-18.1%). Decline in income from sales was limited thanks to higher margin, lower operating expenses and lower interest charges.
- Market share in strategic segments maintained, despite lower machine sales caused by postponement of investment decisions.
- Further cost reductions planned.
- In view of continuing political and economic uncertainty no forecast can be given for full 2003 financial year.
Océ N.V. April 11, 2003
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