Third quarter highlights*:
- Revenues growth of DDS lower than expected.
- Revenues in WFPS continue to develop well.
- Operating income up by 27%.
- Integration of Océ Imagistics is progressing well.
- Operating income of about € 90 million expected for 2006.
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| Total revenues |
740.6 |
649.6 |
14.0% |
2,278.3 |
1,912.8 |
19.1% |
| EBITDA |
66.7 |
47.9 |
39.2% |
208.7 |
145.8 |
43.2% |
| EBITA |
25.9 |
16.8 |
54.2% |
85.3 |
54.4 |
56.9% |
| Operating income (EBIT) |
16.7 |
13.2 |
27.0% |
58.5 |
41.9 |
39.5% |
| Net income |
6.4 |
8.6 |
-25.3% |
30.5 |
28.4 |
7.5% |
In euro per share
EBITDA |
0.79
|
0.57 |
38.9%
|
2.49 |
1.74
|
42.8% |
| Net income to holders of ordinary shares |
0.07 |
0.10 |
-29.4% |
0.35 |
0.32 |
9.8% |
* The figures in this report are unaudited. The report has been prepared on the basis of IFRS.
** Recalculated on the basis of IFRS.
Comments by CEO Rokus van Iperen:
'DDS, excluding Océ Imagistics, had a disappointing quarter. Revenues decreased as a result of delivery problems and price pressure in the market. In the meantime we have a well-filled order portfolio and the delivery problems have largely been solved, which means that revenues will pick up again to a substantial extent in the fourth quarter.
The integration of Océ Imagistics continues to progress well. The business synergies and cost savings planned for 2006 will be achieved.
WFPS again booked strong quarterly results and also has a strong order position for the fourth quarter.
Strong, new products, the growing momentum of Océ Imagistics and the full effect of the cost-reduction measures will provide support for revenues and income.'
Océ N.V.
3 October 2006
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