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Summary*
Océ net income for 2007 up by 38%
Provisional results fourth quarter and 2007 financial year*
| Salient figures |
|
|
|
|
|
|
|
|
| Total revenues |
838.4 |
832.1 |
0.8% |
3,098.2 |
3,110.3 |
–0.4% |
| EBITDA |
108.3 |
97.4 |
11.2% |
330.8 |
306.1 |
8.1% |
| Operating income (EBIT) |
49.8 |
43.8 |
13.7% |
121.2 |
102.2 |
18.5% |
|
Net income
|
35.8 |
26.7 |
34.2% |
78.9 |
57.1 |
38.1% |
In € per share
EBITDA |
1.28 |
1.16 |
10.3% |
3.92 |
3.65 |
7.6% |
| Net income to holders of ordinary shares |
0.41 |
0.30 |
37.7% |
0.88 |
0.63 |
39.3% |
* The figures in this report are unaudited.
** For 2006 reporting of the gross margin and operating expenses of Océ Imagistics was brought into line with the accounting standards used within the Océ Group [see press release dated January 15, 2007, page 11].
Highlights:
- Fourth quarter revenues grow by 5.5% on organic basis and for total 2007 by 3.4%
- Operating income 2007 increases to € 121 million [2006: € 102 million]
- RoCE for 2007 increases to 7.3% [2006: 5.6%]
- Free cash flow 2007 was € 191 million [2006: € 119 million]
- Intensifying of the partnership with Konica Minolta
- Proposed increase in dividend to € 0.64 per ordinary share [2006: € 0.58]
Comments by Rokus van Iperen, chairman of the Board of Executive Directors:
‘Océ developed well in 2007. Growth was achieved on all fronts and we strengthened our market positions. Wide Format Printing Systems again realized very good results. Digital Document Systems recorded good organic growth in revenues. Our actions are focused on further improving the operating income of DDS.
Today we announce partnerships with Konica Minolta and Fuji Xerox which will considerably strengthen our distribution power and product portfolio. New printing systems, such as the Océ ColorStream 10000 and the Océ JetStream 2200, represent a breakthrough in our industry. Next to this we have further improved our business processes. Thanks to these good developments implementation of the strategic plan is on track.’
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Océ N.V.
14 January 2008
