Printer group Océ profit slides 30%

Copier and printer maker Océ saw net profit drop over 30% last year to €82.2m, largely due to production problems at its Digital Document Systems (DDS) unit. Turnover was up 16.2% at €3.1bn.

The DDS division is responsible for some 70% of group sales. Chairman Rokus van Iperen said the problems at the unit were almost fully resolved. In order to boost profitability, Océ said it would be offering more printers from competitors to its customers; a strategy which has proved successful in the US following the takeover of Imagistics

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