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Results 2nd quarter and first six months 2005
July 7, 2005
 
Summary:
  Second quarter First six months
In million euro
2005
2004
organic
2005
2004
Revenues
640.4
682.2
-6.1%
-4.1%
1,263.2
1,304.6
Operating income
13.6
34.2
-60.2%
-54.1%
28.5
64.6
Net income
10.6
21.4
-50.6%
-44.8%
19.7
38.6
In euro per share
Net income

0.12

0.25

-51.2%


0.22

0.44 
 
  Second quarter First six months
In million euro
2005
2004
organic
2005
2004
Operating income
13.6
34.2
-60.2%
-54.1%
28.5
64.6
Financial activities
4.8
14.7
-67.0%
-66.6%
10.2
28.9
Profit on sale of lease contracts

1.3

10.5

-87.7%

-87.7%

2.8

12.7
Operating income commercial activities [exclusive book profit on sale of leases]
7.5
9.0
-17.9%
4.4%
15.5
23.0
 
  • Sales of new printing systems increased by 2.5% in the second quarter. This brings growth for the first six months to 12.4%.
  • Revenues from services and media down by 4.8% in the second quarter. In the first six months this decrease was 4.9%.
  • Operating income decreased by € 20.6 million, which is caused by lower revenues from leases (–€ 20.5 million) and exchange rate changes (–€ 2.1 million).
  • The first printers to be fully manufactured in Asia were shipped direct to customers.
Rokus van Iperen, chairman of the Board of Executive Directors:

“Despite the limited growth in sales of printing systems during the second quarter, we expect to be on course again at the end of 2005.
The strong demand for colour printers and high-production black-and-white printers will lead to continuing growth in the second half of the year which will also bring a recovery in revenues from service.
We are maintaining our profit forecast: operating income from commercial activities will increase compared to 2004.”

 
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Océ N.V.
7 July 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.
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