*NEWS*1ST Q. INCOME SLIP FOR OCE

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*NEWS*1ST Q. INCOME SLIP FOR OCE

 user 2005-04-12 at 10:05:00 am Views: 117
  • #8772

     Q1
    income slip for Océ

    April
    2005
    –Venlo (NL):Océ has reported a sharp decline in its Q1 net income.

    The company revealed net profit down 47 per cent to €9.1 million ($11.7
    million) on flat sales of €622.8 million, although organic sales lifted nearly 2
    per cent.

    Chairman Rokus van Iperen said: “Our strategy, whose main
    thrusts are a strengthening of the sales organisation and continual product
    innovation, is bearing fruit.

    In the first quarter we achieved a strong
    increase in sales of printing systems and software. These are the drivers of our
    business.”