*NEWS*OCE:1STQ.MACH SALES UP,PROFITS DOWN

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*NEWS*OCE:1STQ.MACH SALES UP,PROFITS DOWN

 user 2004-03-09 at 10:29:00 am Views: 100
  • #6436
    Oce 1st Quarter: Machine Sales Grow but Revenues and Profit down
    At yesterday’s Annual General Meeting of Shareholders of Océ N.V., Mr. R. van Iperen, chairman of the Board of Executive Directors, announced that on an autonomous basis revenues from machines and software (“non-recurring”) increased during the first quarter of 2004 compared to the first quarter of 2003. This means that the positive trend of the fourth quarter 2003 continued.

    The increase occurred in both Strategic Business Units. At the same time total revenues and net profit still remain under pressure, mainly due to the strong increase of the Euro in relation to the US Dollar.

    No forecast for the financial year 2004 will be given in view of the ongoing uncertain economic developments. The results for the first quarter will be published on April 14, 2004.