|
|
|
|
In million euro
Total revenues |
754.1
|
622.8
|
21.1%
|
| Operating income |
23.7 |
14.0 |
69.3% |
| Net income |
11.9 |
8.3 |
42.9% |
| Net income attributable to holders of ordinary shares |
11.9 |
7.8 |
52.6% |
In euro per share
Net income |
0.14
|
0.09
|
|
* The figures in this report are unaudited. The report has been prepared on the basis of IFRS.
** Recalculated on the basis of IFRS.
- Total revenues up 21% thanks to acquisition of Imagistics and exchange rate effects.
- Operating income increases by 69%; compared to 2005 this result has been influenced by a number of special items. On a like-for-like operating income increases by 40%.
- Océ introduces a number of major new printing systems which will contribute to further improvements.
Comments by Executive Board Chairman Rokus van Iperen:
On the integration of Océ-Imagistics ‘The integration of Océ-Imagistics is progressing well. We will realise the cost savings planned for 2006. In the meantime the first joint commercial results have been achieved. Several Imagistics customers have become customers of Océ Business Services. Other Imagistics customers have ordered Océ printers that could not previously be supplied by Imagistics. Thanks to the Océ Imagistics combination a new, full-line supplier has been created in the United States whose strength has been noted by the market. The synergies planned for 2006 will mainly show through in the results in the second half of this year.'
On the first quarter results 'The revenues of DDS have increased considerably thanks to the acquisition of Imagistics, which has been included in the consolidation for a full quarter for the first time.
The revenues of WFPS likewise showed a good increase. This reflects our leading position in the wide format market.
The results indicate that Océ is continuing the upward line. However, much still has to be done. The achievement of the synergies with Imagistics, the reduction of cost prices and operating expenses combined with the competitive strength of our products will lead to improvement of margin and cash flow.'
On the products ‘In recent years, despite the sometimes difficult economic climate, we have continued to invest in the innovation and improvement of our products. Partly as a result we introduced twenty new products last month, the most important ones being the Océ VarioPrint 6250 and the Océ TCS500.
The Océ VarioPrint 6250 is the world’s fastest digital machine for duplex printing for the commercial and corporate markets and is based on an entirely new concept.
The Océ TCS500 is a highly productive colour printer for the technical documents market.’
Océ N.V.
4 April 2006
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