Product category:
General Print Supplies, Services for Printers
News Release from: Oce Printing Systems
Edited by the Printingtalk Editorial
Team on 04 April 2008
Oce's Partnerships Positive Despite
Economic Gloom
Partnerships in printer systems, in which Oce is involved, have contributed an increase of 5.9 per cent in sales revenue as the company grew first quarter revenue organically by 1.3 per cent.
However, the company's gross margin decreased to 38.5 per cent, from 39.4 per cent in 2007 on an operating income of EUR32.1 million, as the company said it has felt the effects of the worldwide economic environment Rokus van Iperen, Oce's chairman, said: "In the first quarter two significant developments occurred
This article was originally published on Printingtalk on 8 Jul 2003 at 8.00am (UK)
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Firstly, revenues from the sale of printers increased organically by six per cent, partly due to our successful partnerships.
On the back of that good sales performance we have gained market share in the wide format, colour and high volume cutsheet printing markets.
That is especially so in Asia where we achieved excellent growth, whilst sales also increased in Europe." He continued to explain: "We also felt the effects of recent economic developments.
Especially in the financial sector, where we traditionally hold a strong position, the purchase of new very high volume printers was postponed.
There was also a decrease in printing volume at banks and in the construction sector, particularly in the United States, which meant that revenues from maintenance, toner and media lagged behind those of the previous year." In achieving additional cost reductions from EUR50 million to EUR80 million, Oce said that it successfully started the implementation of its strategic plan, which runs from 2007 until 2010.
Rokus van Iperen explained: "We are continuing to invest in expanding our distribution power and developing competitive products.
In addition, we are intensifying the co-operation with our partners in distribution and in product development.
Due to the economic uncertainty additional measures are being taken to reduce costs further.".
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