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Océ Announces Fourth Quarter 2007 Results

1/14/2008
TRUMBULL, Conn. - Océ N.V.:

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.’

Océ net income for 2007 up by 38%

Highlights:

  • Fourth quarter revenues grew by 5.5% on an organic basis and 3.4% for 2007
  • Operating income for 2007 increased to Euro 121 million [2006: Euro 102 million]
  • Free cash flow for 2007 was Euro 191 million [2006: Euro 119 million]
  • Proposed increase in dividend to Euro 0.64 per ordinary share [2006: Euro 0.58]

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