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Summary*
Commercial operating income for 2005 up by 66% to € 51 million
Strong fourth quarter: commercial operating income tripled
- Operating income from commercial activities for 2005 up 66% to € 51.6 million; fourth quarter increase from € 9.5 million to € 27.0 million. This results excludes exceptional income items.
- Organic revenues growth 2005: +2.1% to € 2,677.3 million (of which new printing systems +10.5%); organic revenues growth fourth quarter: +3.1% (excluding lease effects).
| |
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
764.4
|
702.2
|
8.9%
|
(excl. lease) 3.1% |
2,677.3
|
2,652.5
|
0.9%
|
|
| Operating income |
68.0 |
29.1 |
133.7% |
|
110.1 |
110.4 |
-0.2% |
|
| Net income |
50.3 |
25.4 |
98.2% |
|
78.8 |
78.1 |
1.0% |
|
| Operating income from commercial activities (excl. book profit on sale of leases and excl. exceptional income items) |
27.0 |
9.5 |
184.3% |
|
51.6 |
31.0 |
66.3% |
|
In euro per share
Net income |
0.60
|
0.29
|
102.7%
|
-
|
0.92
|
0.89
|
2.7%
|
|
| Dividend |
|
|
|
|
0.58 |
0.58 |
|
|
- Following a downward trend, revenues from services and media started to grow again during 2005 because earnings from servicing became more stable due to placements of new printing systems and growth in revenues from Business Services.
- Sales of products and services increased thanks to the expansion of the sales force, investments in marketing and the success of new products.
Chairman Rokus van Iperen: ‘The flywheel is turning the right way again’
‘Océ turned the corner on the second half of 2005’, said Rokus van Iperen. ‘The flywheel of revenues from services and media is now turning the right way again. The robust increase of 66% in operating income from commercial activities is an excellent performance. In the United States the integration of Imagistics is proceeding as planned and we are now in a good position to further improve the way we serve our markets. Océ today is clearly better than last year. We have a wider range of products and services, our distributive strength in the United States and Europe has been substantially boosted and we will launch attractive new products that will further strengthen our market position.’
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Fourth quarter |
Financial year |
|
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|
|
|
In million euro
Operating income (EBIT) |
68.0
|
29.1
|
110.1
|
110.4
|
| Release from pensions |
-68.3 |
|
-68.3 |
|
| Exceptional expenses |
33.1 |
|
33.1 |
|
| Operating income excl. exceptional items |
32.8
|
29.1
|
74.9
|
110.4
|
| Financial activities |
4.3 |
9.5 |
18.6 |
48.4 |
| Profit on sale of lease contracts |
1.5 |
10.1 |
4.7 |
31.0 |
| Operating income from commercial activities (excl.book profit on sale of leases) |
27.0 |
9.5 |
51.6 |
31.0 |
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* 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. On January 30, 2006 Océ will publish its definitive results as included in the Annual Financial Statements. | 
