Océ strategic plan and business model safeguard competitive position in 2009
Océ publishes 2008 Annual Report
Venlo, The Netherlands, February 4, 2009 ─ Océ, an international leader in digital document management, today published its 2008 Annual Report in English and Dutch on investor.oce.com.
This extensive document reviews a range of issues including financial and commercial performance, R&D activities, technological innovation and the role of Océ as a responsible corporate citizen. The Annual Report will be available in printed form in English and Dutch on 19 February 2009.
Geographic revenue development
Of its total 2008 revenues of EUR 2,909 million, Océ generated 36% in the US market (EUR 1,066 million); 11% of company revenues came from both Germany and The Netherlands (EUR 312 million and EUR 310 million respectively); and 7% of company revenues came from both France and the United Kingdom (EUR 201 million and EUR 192 million respectively). A further 19% of total revenues came from other European markets (EUR 579 million) while 9% of revenue (EUR 249 million) was generated in countries outside Europe and the United States.
Revenue development per Strategic Business Unit (SBU)
Revenues in the SBU Digital Document Systems amounted to EUR 1,632 million; in the SBU Wide Format Printing Systems EUR 850 million; and in the SBU Océ Business Services EUR 427 million.
Océ’s strategy: distribution power, product portfolio, operational excellence
The Annual Report focuses on Océ’s strategy, which is based on three pillars: expanding selling power, strengthening product portfolio and optimizing business processes. The first two cornerstones are well developed. There are still many gains to be made in optimizing business processes and the most important actions for 2009 relate to that strategic cornerstone.
2009 diary dates
Océ will disclose its first-quarter results on Thursday April 2, 2009 and first-half results on Thursday July 2, 2009. The Annual General Meeting of Shareholders will be held at corporate headquarters in Venlo on Thursday April 23, 2009.
About Océ
Océ is one of the world's leading providers of document management and printing for professionals. The broad Océ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. Océ is also a foremost supplier of document management outsourcing. Many of the world’s Fortune 500 companies and leading commercial printers are Océ customers. The company was founded in 1877. With headquarters in Venlo, The Netherlands, Océ is active in over 90 countries and employs some 23,000 people worldwide. Total revenues in 2008 amounted to € 2.9 billion. Océ is listed on Euronext in Amsterdam. For more information on Océ, visit www.oce.com.
Editors’ note: For more information on Océ’s strategy, see page 16; on SBU revenue development, page 23; on geographic revenue development, page 25; on R&D product development, page 54; financial statements, page 92; supplementary information for shareholders, page 175. (Annual Report 2008 overview page)
For further information, please contact:
Nick Gale
Manager Media Relations
Tel. +31 77 359 5628
e-mail nick.gale@oce.com