*NEWS*OCE:PROFITS SLIDE DOWN 30%

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*NEWS*OCE:PROFITS SLIDE DOWN 30%

 user 2007-01-17 at 9:18:00 am Views: 66
  • #17069

    Printer group Océ profit slides 30%
    January
    2007Copier and printer maker Océ saw net profit drop over 30% last year
    to €82.2m, largely due to production problems at its Digital Document
    Systems (DDS) unit. Turnover was up 16.2% at €3.1bn.The DDS division is
    responsible for some 70% of group sales. Chairman Rokus van Iperen said
    the problems at the unit were almost fully resolved. In order to boost
    profitability, Océ said it would be offering more printers from
    competitors to its customers; a strategy which has proved successful in
    the US following the takeover of Imagistics.