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Océ books losses for 2009, prepares for take-over by Canon

Minority shareholders go to court
February 25, 2010 | By Ron Augustin

Digital printing systems manufacturer Océ booked a net loss of EUR 23 million in the fourth quarter of 2009, compared to a small profit of EUR 1 million for the same period 2008. Sales were down 15 per cent to EUR 683 million. The total loss booked for the year 2009 is EUR 47 million. However, cash flow improved from EUR 19 million last year to EUR 82 million by the end of 2009. ...cont´d

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