Océ shares rise on better than expected results

Printer and copying equipment maker Océ kicked off the season of annual financial company results on Monday with results above analysts’ expectations.

The company announced an increase in turnover of 0.8% to €838.4m in the fourth quarter. Earnings before interest and taxes rose to €49.8m, nearly 14% up on the same period in 2006. The better-than-expected figures saw Océ shares rise 7% in early trading.
Océ also announced an annual turnover in 2007 of €3.1bn, down 0.4% on 2006. Net profits rose 38% to €78.9m, with earnings before interest and taxes at €121.2m.

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