Summary:
|
|
|
|
|
In million euro
Total revenues |
622.8
|
622.4
|
-
|
1.8%
|
| Operating income |
14.9 |
30.4 |
-50.9% |
-28.0% |
| Net income |
9.1 |
17.2 |
-46.9% |
-21.9% |
In euro per share
Net income |
0.10
|
0.20
|
-47.3%
|
-
|
|
|
|
|
|
In million euro
Operating income |
14.9
|
30.4
|
-
|
-
|
| Financial activities |
5.4 |
14.2 |
-62.0% |
-61.3% |
| Commercial activities |
9.5 |
16.2 |
-41.4% |
1.2% |
| Profit on sale of lease contracts |
1.5
|
2.2
|
-31.8%
|
-31.8%
|
| Operating income commercial activities [exclusive book profit on sale of leases] |
8.0 |
14.0 |
-42.9% |
6.4% |
- Non-recurring revenues increased by 25%. This big increase is the result of the successful sales of the renewed range of printing systems. Recurring revenues decreased by 5%.
- Operating income decreased by € 15.5 million, which is attributable in full to the following factors: exchange rate effects [– € 7.0 million], lower revenues from leases [– € 10.9 million] and organic increase in revenues
[€ 2.4 million].
- Océ will relocate a larger proportion of its manufacturing activities to Asia to reduce the cost-price of machines.
Rokus van Iperen, chairman of the Board of Executive Directors: “Our strategy, whose main thrusts are a strengthening of the sales organisation and continual product innovation, is bearing fruit.
In the first quarter we achieved a strong increase in sales of printing systems and software. These are the drivers of our business. This development will be reflected in a recovery in the revenues from service.
We therefore maintain our previous expectation that the commercial result, excluding the profit on the sale of leases, will be higher than in 2004.”
Download the full report:
Océ N.V.
5 April 2005
The figures in this report are unaudited. The report has been prepared on the basis of Dutch GAAP; as compared to the Annual Financial Statements for 2004 there have been no changes in the accounting principles used for financial reporting. | 
