Q1 income slip for Océ

5 April 2005 РVenlo (NL): Oc̩ 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."