Summary*
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|
|
|
|
In million euro
Total revenues |
2,652.5
|
2,769.3
|
-4.2%
|
0%
|
| Operating income |
110.4 |
124.8 |
-11.6% |
19% |
| Net income |
78.1 |
61.5 |
27.0% |
- |
In euro per share
Net income |
0.89
|
0.69
|
28.6%
|
|
| Dividend |
0.58 |
0.58 |
|
|
- On an organic basis total revenues for 2004 finished at the same level as in 2003 thanks to the growing sales of new printing systems. This has brought the decrease of the past 3 years to a halt. Total revenues includes € 31 million from the sale of the lease portfolio.
- The outsourcing of part of the manufacturing operations to Central Europe and Asia has been implemented according to plan. The objectives set for cost-price and quality have been achieved.
- The operating income from commercial activities, excluding the book profit on the sale of the lease portfolio, is expected to grow in 2005 as compared to 2004.
Rokus van Iperen, chairman of the Board of Executive Directors:
“The strategy that was formulated in 2002 is bearing its first fruits. The increase in machine sales during the past year is a direct consequence of the investments in product development and sales. Particularly the products that Océ launched in 2003 and 2004 are selling well.
Revenues from maintenance and service, which are currently still lagging behind, are recovering later than expected.”
Download the full report:
Océ N.V.
17 January 2005
* 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 2003 there have been no changes in the accounting principles used for financial reporting, with the exception of changes in certain balance sheet classifications.
On January 31, 2005 Océ will publish its definitive results as included in the Annual Financial Statements. The annual report will be published
on-line on our website on February 1, 2005 and will become available in printed form on February 18, 2005.
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