Océ results second quarter/first six months 2003 *)
| |
2nd quarter 2003 |
1st six months 2003 |
In million euro Total revenues |
692.1 (- 16.2%) |
1,369.2 (- 15.7%) |
| EBITDA |
78.0 (- 26.1%) |
164.3 (- 21.5%) |
| EBIT |
34.3 (- 39.7%) |
75.8 (- 32.1%) |
| Net income |
18.9 (- 32.1%) |
40.1 (- 25.4%) |
In euro Net income per share |
0.22 (- 32.6%) |
0.46 (- 25.6%) |
- Revenues decline by 15.7% on 2002 (autonomous: -7.4%)
- Net income down by 25.4% to euro 40.1 million
- Operating expenses and working capital reduced further
- Free cash flow euro 44.4 million
- Additional cost saving measures initiated
- IFRS method introduced for pensions
* The figures stated in this report are unaudited. The report has been prepared on the basis of Dutch GAAP; as compared to the Annual Financial Statements for 2002 changes have taken place in the accounting principles (see the text in the overview "Changes in shareholders' equity" on page 6).
Océ N.V. July 8, 2003
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