Océ shrinks its loss

Printer-maker Océ, now owned by the Japanese Canon, made a loss of €6.1m in the first quarter of 2011 compared with a loss of €87m in the year earlier period, the company announced on Tuesday.

Turnover dropped 1% due to the continuing financial crisis in the construction industry, CEO Rokus van Iperen said in a statement. But there was growth in display graphics, he added.

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