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Download the full report
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Conference call |
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Live audio webcast of conference call by Mr Rokus van Iperen (CEO) and Jan van den Belt (CFO) at 10.00 hrs CET. You may also use the link below to test your player.
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Summary*
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Third quarter |
First nine months |
| in million euro |
2007 |
2006** |
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2007 |
2006** |
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| Total revenues |
753.5 |
740.6 |
1.7% |
2,259.8 |
2,278.3 |
-0.8% |
| EBITDA |
71.3 |
66.7 |
6.9% |
222.5 |
208.7 |
6.6% |
| Operating income (EBIT) |
21.2 |
16.7 |
26.9% |
71.4 |
58.5 |
22.1% |
| Net income |
12.6 |
6.4 |
96.9% |
43.1 |
30.4 |
41.5% |
| In € per share |
| EBITDA |
0.84 |
0.79 |
6.3% |
2.64 |
2.49 |
6.2% |
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Earnings per ordinary share for net
income attributable to shareholders |
0.14 |
0.06 |
125% |
0.47 |
0.34 |
40.5% |
* The figures in this report are unaudited.
Highlights:
- Organic revenues growth of 5.1%
- Sales of printing systems [non-recurring revenues] 17.9% higher on organic basis
- Strong growth in share of color in revenues
- Recurring revenues excluding fax increased by 1.4% on organic basis
- Gross margin up from 40.4% to 40.7%
- Operating income for full-year 2007 expected to be at least € 110 million
Comments by Rokus van Iperen, chairman of the Board of Executive Directors:
'Customers are responding enthusiastically to our new, innovative products and services. That was one of the reasons why printer sales – especially color – were significantly higher than in the third quarter of 2006. As a result, revenues increased by 5% on an organic basis. We also gained a number of large document management orders. These developments strengthen the basis for growth of the recurring revenues.
The Strategic Business Unit DDS grew by more than 4% on an organic basis, but operating income is still far from the desired level. WFPS grew by almost 7% and showed an excellent operating income.
We are continuing to invest in strengthening our distribution power, as well as in the development of competitive products and services, in which we are working together with leading partners. In addition, we will with high priority reduce total costs and working capital, especially inventories. We are making good progress with the execution of our Strategic Plan 2007-2010.'
Disclamer
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