Oce beats all forecasts with Q4


16 January 2006 – Amsterdam (NL): Dutch photocopier and printer maker Oce NV has seen its shares rise to an 18-month high following its Q4 earnings results.
EBIT rose 134 per cent to €68 million ($82 million) with operating profit hitting the high-end of analysts’ forecasts at €27 million.
A full-year operating profit of €51.6 million was €16 million higher than the company’s own projection three months earlier.
Higher service revenues and cost cuts were responsible for the high results.