WhatTheyThink

Oce Revenues Rises 14%, Net Income Up 15%

Friday, January 12, 2001

VENLO, Netherlands,- The provisional results for the fourth quarter and fiscal 2000 were published today by Océ N.V. (Nasdaq: OCENY - news). The Dutch based supplier of digital printing and document systems and services achieved a 2000 net income from ordinary activities of US$ 132 million, an increase of 15%, or US$ 1.53 per share based on 84,400,936 shares, being the weighted average outstanding number of shares of fiscal 2000, compared to US$ 115 million (1999 before exceptional items) or US$ 1.34 per share based on 83,191,993 shares, being the weighted average outstanding number of shares of fiscal 1999. TOTAL REVENUES went up by 14% to US$ 2,803 million. Autonomous growth amounted to 4%, exchange rate effects amounted to 8% and acquisitions contributed 2%. Digital machines and the related revenues from software and service now represent 63% of the total machines and service revenues (1999: 60%). ``The year 2000 was a turning point in more than one respect,'' said Rokus van Iperen, Chairman of the Executive Board of Océ N.V. ``Not only did we succeed in reversing the slowdown in results which had become apparent in 1999, but at the end of 2000 we began market introduction of a series of new hardware and software products. These new products will form the basis for further growth in revenues and income in the years ahead.''