Summary:
| |
|
|
|
|
|
|
|
|
|
|
| Revenues |
649.6 |
645.7 |
0.6% |
0.6% |
1,912.8 |
1,950.3 |
| Operating income |
13.6 |
16.6 |
-18.5% |
-11.5% |
42.1 |
81.3 |
| Net income |
8.9 |
14.1 |
-37.3% |
-31.9% |
28.6 |
52.7 |
In euro per share
Net income |
0.10
|
0.16
|
-37.3%
|
-
|
0.32
|
0.60
|
| |
|
|
|
|
|
|
|
|
|
|
| Operating income |
13.6 |
16.6 |
|
|
42.1 |
81.3 |
| Financial activities |
4.8 |
10.0 |
|
|
14.3 |
39.0 |
| Profit on sale of lease contracts |
0.4
|
8.1
|
|
|
3.2
|
20.8
|
| Operating income commercial activities [excl. book profit on sale of leases] |
9.1 |
-1.5 |
|
|
24.6 |
21.5 |
- Third quarter revenues corrected for the sale of leases increased by 3,0% on an organic basis.
- Sales of new printing systems increased by 12.2% in the quarter. This brings growth for the first three quarters to 12.3%.
- Revenues from service contracts rose by 0.2% thanks to the continuing increase in the sales of new printing systems.
- Océ made a tender offer on September 16 to acquire Imagistics International Inc., a US distributor of copiers and printers with revenues of USD 609 million (2004).
- Operating income from commercial activities, excluding book profit on the sale of the lease portfolio, is expected to increase in 2005 by 20% compared with 2004.
Rokus van Iperen, chairman of the Board of Executive Directors of Océ N.V.:
"Océ has shown a clear improvement during the third quarter, with growth in the sales of printing systems again reaching double-digit level. This continuing growth in new machine sales has led to a stabilization in revenues from service contracts, which account for 45% of Océ's turnover. The trend now appears to have turned, and gives us grounds for optimism about future prospects.
The recently announced acquisition of Imagistics International Inc. will strengthen our distribution power in the USA, enabling us to achieve one of our most important strategic goals.
We expect the operating income from commercial activities in 2005 to be significantly higher than the 2004 result."
Océ N.V.
7 October 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. | 
