Provisional results 4th quarter and results 2007
Océ net income for 2007 up by 38%
Provisional results fourth quarter and 2007 financial year*
| Fourth quarter | Financial year |
In million € | 2007 | 2006** | | 2007 | 2006** | |
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 shareEBITDA | 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]
ntensifying 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 (DDS) 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.”
For further information, please contact:
Océ (UK) Ltd: Colin Harding (Shaw Communications)
+44 7730 435400, pressoffice@oce.com
About Océ
Océ is one of the world's leading providers of document management and printing for professionals. The broad Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and colour display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the world’s Fortune 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in around 100 countries and employs some 23,000 people worldwide. Total revenues in 2008 amounted to €2.9 billion. Océ is listed on Euronext in Amsterdam. For more information on Océ, visit the corporate website www.oce.com
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