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Summary:
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Fourth quarter 2003 |
Financial year 2003 |
In million euro
Total revenues |
746.9 (-7.9%) |
2,769.3 (- 12.8%) |
| Operating income |
46.4 |
124.8 |
| Net income |
27.0 |
61.5 |
In euro
Net income per share |
0.31 |
0.69 |
Before impairment of fixed assets
In million euro |
| Operating income |
48.5 (-30.8%) |
150.0 (-33.6%) |
| Net income |
29.1 (-22.9%) |
82.1 (-27.1%) |
In euro
Net income per share |
0.34 (-23.1%) |
0.94 (-27.6%) |
- Fourth quarter revenues better than expected.
- Sales of the new products introduced by Océ during 2003 are successful. As a result, sales of printing systems increased by 3.1% on an autonomous basis and the autonomous decline in revenues was brought to a halt in the fourth quarter.
- The restructuring operation launched in 2001 was completed on schedule, resulting in a significant lower cost level.
Rokus van Iperen, chairman of the Board of Executive Directors:
"Océ has strongly improved its competitive strength thanks to its successful new products, the new market-focused organisation and the significantly lower level of costs and working capital requirements.
The results for the fourth quarter are a positive signal for 2004 financial year. However, I would emphasise that it is still too early to state that this positive trend will continue."
Download the full report:
Océ N.V.
19 January 2004
* 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).
On January 30, 2004 the definitive results as presented in the annual financial statements will be published. | 
