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Download the full report
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Analyst meeting |
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Audio webcast of analyst meeting by Mr Rokus van Iperen (CEO) and Mr Jan van den Belt (CFO)
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Summary*
Strong growth of printing systems sales
Results second quarter 2007*
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Second quarter |
First six months |
| in million euro |
2007 |
2006** |
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2007 |
2006** |
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| Total revenues |
777.1 |
783.6 |
-0.8% |
1,506.3 |
1,537.7 |
-2.0% |
| EBITDA |
79.6 |
66.4 |
20.0% |
151.2 |
142.0 |
6.5% |
| EBITA |
38.9 |
26.5 |
47.0% |
70.0 |
59.4 |
18.0% |
| Operating income (EBIT) |
28.9 |
18.0 |
60.0% |
50.2 |
41.7 |
20.2% |
| Net income |
18.3 |
12.2 |
50.1% |
30.5 |
24.1 |
26.7% |
| In € per share |
| EBITDA |
0.95 |
0.79 |
19.4% |
1.80 |
1.69 |
6.2% |
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Earnings per ordinary share for net
income attributable to shareholders |
0.21 |
0.13 |
52.6% |
0.34 |
0.28 |
22.0% |
* The figures in this report are unaudited.
Highlights:
- Organic revenues growth of 2.1%
- Sales of printing systems [non-recurring revenues] 9.2% higher on organic basis
- Recurring revenues excluding fax increased 0.6% on organic basis
- Gross margin up from 40.0% to 41.3%
- Operating income increased by 60%
- Excellent financial results for WFPS
- Further improvement DDS results expected
Comments by Rokus van Iperen, chairman of the Board of Executive Directors:
“In the second quarter our sales of printing systems were significantly higher than last year, both in DDS and in WFPS. This results from our focus on growing the business by investing in distribution and product development. We have also booked the first successes with sales of OEM products in Europe. We expect that in the second half of the year we will also have higher sales than last year. The recurring revenues were amongst others impacted by the anticipated decline of the fax business. The increased sales of printing systems will give a positive impulse to recurring revenues. The implementation of our Strategic Plan 2007-2010 started well."
Disclamer
Océ N.V.
3 July 2007
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