SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

The Securities Exchange Act of 1934

For the ~~month~~months of ~~July~~September and October 2003

Commission File Number: 0-13742

Océ N.V.

(Translation of ~~Registrants~~registrants ~~Name~~name ~~Into~~into English)

St. Urbanusweg 43, Venlo, The Netherlands

(Address of ~~Principal~~principal ~~Executive~~executive ~~Offices~~offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F: þ Form 40-F: ¨

Form 20-F: x Form 40-F: ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes: ¨ No: xþ

~~[GRAPHIC]~~SIGNATURES

~~Results~~Pursuant ~~second~~to ~~quarter~~the ~~and~~requirements ~~first~~of ~~six~~the ~~months~~Securities 2003*Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Second quarter 2003	First six months 2003
In US$ million
Total revenues	814.3 (– 16.2)%	1,611.0 (– 15.7)%
EBITDA	91.8 (– 26.1)%	193.3 (– 21.5)%
EBIT	40.3 (– 39.7)%	89.2 (– 32.1)%
Net income	22.3 (– 32.1)%	47.2 (– 25.4)%
In US$
Net income per share	0.25 (– 32.6%)	0.54 (– 25.6)%

OCÉ N.V.

By:		/s/ R.L. van Iperen

		Chairman of the Board of Executive Directors
		(Principal Executive Officer)

•Dated: ~~Revenues~~October ~~decline~~20, by2003 ~~15.7% on 2002 (autonomous: –7.4%)~~

•Océ ~~Net~~results ~~income~~third ~~down~~quarter byand ~~25.4%~~nine tomonths ~~US$~~2003 ~~47.2~~Results ~~million~~third quarter and nine months 2003* October 10, 2003

• Operating expenses and working capital reduced further

	Third quarter 2003			Nine months 2003
In million €
Total revenues	653.1	(–11.8	%)	2,022.3	(–14.5	%)
EBITDA	67.2	(–30.5	%)	231.5	(–24.3	%)
EBIT**	25.7	(–42.1	%)	101.5	(–34.9	%)
Net income**	12.7	(–39.6	%)	52.8	(–29.4	%)
EBIT	2.7			78.5
Net income	–5.6			34.5
In €
Net income per share**	0.14	(–40.9	%)	0.60	(–29.9	%)
Net income per share	–0.08			0.38

• ~~Free~~Net ~~cash~~income ~~flow~~from ~~US$~~normal activities amounts to € 52.28 million.

• ~~Additional~~Net ~~cost~~income ~~saving~~after ~~measures~~deduction ~~initiated~~of € 18.3 million impairment costs amounts to € 34.5 million.

• ~~IFRS~~Free ~~method~~cash ~~introduced~~flow ~~for~~amounts ~~pensions~~to € 120 million.

*• ~~The~~Plans ~~figures~~to ~~stated~~transfer inassembly ~~this~~activities ~~report are unaudited. This report has been prepared on the basis of Dutch GAAP; as compared~~ to ~~the~~Eastern ~~Annual~~Europe ~~Financial~~and ~~Statements~~China ~~for~~are ~~2002~~being ~~changes~~developed ~~have taken place in the accounting principles (see the text in the overview “Changes in shareholders’ equity”)~~further.

~~Océ~~• NInterim dividend will be maintained at € 0.V15.

~~P.O.~~• ~~Box~~Net ~~101~~income ~~NL-5900~~for MAfiscal ~~Venlo~~year ~~#31~~2003, 77before ~~359~~exceptional ~~2240~~items, ~~[LOGO~~is OFexpected ~~OCÉ]~~to ~~Printing~~reach ~~for~~approximately ~~Professionals~~€ 70 million.

~~Venlo,~~• ~~the~~Declining ~~Netherlands,~~trend ~~July~~in 8,revenues ~~2003:~~is ~~results~~becoming ~~for~~less ~~the second quarter and the first six months of fiscal 2003 were published today by Océ N~~pronounced.~~V. (NASDAQ-OCENY).~~

~~Results~~* ~~second~~The ~~quarter~~figures ~~2003~~stated in this report are unaudited. The report has been prepared on the basis of Dutch GAAP; as compared to the Annual Financial Statements for 2002 changes have taken place in the accounting principles (see the text in the overview “Changes in shareholders’ equity”).

~~The~~** ~~higher~~Before ~~relative~~exceptional ~~margin and the cost reductions were insufficient to compensate for the decline in revenues, with the result that second quarter net income decreased by 32~~items.1% to US$ 22.3 million or US$ 0.25 per share based on 83,393,583 shares, being the weighted average number of ordinary shares outstanding, compared to US$ 32.8 million or US$ 0.38 per share based on 84,111,878 shares, being the weighted average number of ordinary shares outstanding at the end of the first half of fiscal 2002.

InResults ~~the~~third ~~second~~ quarter ~~revenues~~2003 ~~declined by 16.2% to US$ 814.3 million. The autonomous decline in revenues amounted to 7.1%, slightly less compared to the first quarter.~~

~~Both~~In in the ~~DDS~~third ~~Strategic~~quarter ~~Business~~revenues ~~Unit and~~declined by 11.8% compared with 2002 to € 653.1 million. The autonomous decline in ~~WFPS~~revenues amounted ~~the~~to 4.9%. Due to exchange rate effects revenues decreased by 6.7%. The decline ~~was~~in ~~mainly~~revenues ~~attributable~~is totherefore less than in the ~~fact~~second ~~that~~quarter ~~sales~~of ~~results~~2003 ~~lagged~~when ~~behind~~the autonomous revenues decline amounted to more than 7%.

The ~~gross~~Strategic ~~margin~~Business ~~increased~~Unit Digital Document Systems was even able to 42show a substantially lower decline in autonomous revenues of 3.02%, ~~(2002:~~compared 41with the first two quarters of 2003. In the Strategic Business Unit Wide Format Printing Systems the autonomous revenues decline of 8.3%). was marginally lower than in the previous quarter.

~~Operating~~The ~~expenses~~gross ~~decreased~~margin byremained ~~9.8%;~~stable oncompared anwith ~~autonomous~~2002 ~~basis the decrease was 2~~(41.25%).

~~Interest~~Partly ~~charges~~due ~~and~~to ~~tax~~restructuring ~~charges~~operating ~~were~~expenses ~~substantially~~decreased ~~lower~~by 6.5%; on an autonomous basis the decrease was 1.1%.

~~Results~~Net ~~first~~income ~~six~~before ~~months~~exceptional items ~~2003~~amounted to € 12.7 million (–39.6%).

~~Revenues~~An ~~amounted~~amount toof € ~~US$~~18.3 ~~1,611~~ million, ~~which~~relating ~~was~~to ~~15.7%~~impairment ~~lower~~costs ~~than~~has inbeen ~~the~~charged ~~previous year. The autonomous decrease in revenues amounted~~ to ~~7.4%. The strength of~~ the ~~euro~~third ~~had~~quarter anfor ~~additional~~Practical ~~negative~~Print ~~impact~~Solutions onand ~~revenues.~~Océ ~~Revenues~~Display ~~also~~Graphics ~~declined (by – 2~~Systems.~~5%)~~ ~~as a consequence of the strategic choice to withdraw from activities in the low volume segment in most countries.~~

~~However,~~Practical ~~the~~Print ~~principal~~Solutions, ~~cause~~whose ofactivities ~~the~~include ~~lower~~print ~~revenues is~~procurement, ~~still~~was ~~the~~acquired ~~reluctance of customers to invest~~ in ~~new~~November ~~systems~~2001. ~~Sales~~This ofnew ~~printing~~activity ~~systems~~for ~~(hardware,~~Océ ~~software~~has ~~and~~not ~~professional~~generated ~~services)~~the ~~decreased~~expected income byand 18growth.~~9%.~~

~~The~~It ~~gross~~has ~~margin~~therefore ~~increased~~been bydecided ~~0.4%~~ to ~~41.5%.~~charge ~~This~~nearly ~~increase~~all ~~was the net result~~ of ~~a positive foreign currency hedging result of 1.1% and a negative~~the ~~volume/mix~~capitalised ~~effect~~goodwill ~~of – 0.7%. The decrease in the margin due~~ to ~~volume/mix effects was caused by the increasing significance of Facility Services, lower lease revenues and under-utilisation of manufacturing capacity~~income.

~~Operating~~Part ~~expenses~~of ~~showed~~the aassets ~~decrease~~ of ~~11.3%,~~the ofbusiness group Display Graphics, which 4includes the Imaging Division acquired from Gretag, had to be impaired for accounting reasons.3% ~~was~~The strategic significance of the decision to retain a presence in and to expand further in this potential growth segment remains ~~autonomous~~undiminished. ~~Attention~~The ~~continues~~total tovalue beof ~~strongly~~this ~~focused~~business group is greater than the total book value as shown on ~~reducing~~the ~~costs~~balance sheet.

~~The~~Impairment ~~reduction~~is ina ~~jobs~~non-cash asitem ~~well~~and ashas ~~lower~~therefore ~~depreciation~~no ~~due~~influence toon the ~~withdrawal~~available ~~from~~cash ~~the low volume segment are helping to bring costs down further~~flow.

~~The~~Results ~~cutback~~nine inmonths ~~job~~2003: ~~numbers~~declining ~~has~~trend ~~been~~in ~~increased~~revenues ~~from~~is ~~1,100~~becoming toless ~~1,350.~~pronounced ~~Of this increased target, 85% has meanwhile been achieved. As a result of this extra reduction the planned total savings will be US$ 17.6 million higher in 2004.~~

OfRevenues amounted to € 2,022.3 million, which was 14.5% lower than for the ~~reduction~~same period inof the ~~unprofitable~~previous ~~low~~year. ~~volume~~Exchange ~~machines~~rate 64effects and the sale of the subsidiary in South Africa resulted in a decline in revenues of 7.9%. ~~has~~The ~~been~~autonomous ~~realised~~decrease in revenues was 6.6%. Of this decline in revenues 2% was caused by the strategic decision to withdraw from activities in the low-volume segment in most countries.

~~[LOGO~~During OFthe ~~OCÉ]~~first ~~July~~six 8,months of 2003 ~~Page~~the 2autonomous decline was 7.4%. Although this trend is encouraging, customers remain reluctant to take investment decisions in relation to new printing systems. No significant change in customers’purchasing behaviour can yet be observed.

~~Second~~The ~~quarter~~gross ~~report~~margin ~~2003~~increased by 0.3% to 41.5% compared with 2002. This increase was the net result of a positive currency hedging result (0.7%) and a negative volume/2mix effect (–0.4%). The most important elements of the volume/mix effect are lower lease revenues and reduced margins in the United States.

USOperating ~~VERSION~~expenses decreased by 9.7%, of which over 3% was autonomous. Operating expenses remain under control as a result of the restructuring measures and the ongoing focus on the development of costs.

~~The~~EBITDA ~~new~~amounted ~~market~~to ~~approach,~~€ ~~which stems from the restructuring operation and has a tighter focus on serving specific customer~~231.5 ~~segments~~million, ~~has~~which ~~now~~was ~~been~~24.3% ~~operating~~lower than in ~~practice~~the ~~for~~corresponding ~~six~~period ~~months~~of 2002.

~~The~~Operating ~~new~~income ~~concept~~(EBIT) ~~has~~before ~~received~~exceptional ~~broad-based~~items ~~support~~declined ~~and~~by ~~the~~34.9% ~~sales organisations are fully confident that the extra efforts~~ to ~~realign~~€ ~~the~~101.5 ~~organisation will bear fruit~~million.

~~Operating~~Financial ~~income~~expense ~~before depreciation and amortisation~~ (~~EBITDA~~net) ~~amounted~~decreased further to ~~US$~~€ ~~193~~23.34 million (– 2144.56%~~). Operating~~ ~~income~~compared ~~(EBIT)~~with ~~decreased by 32~~2002).1% ~~to US$ 89.2 million.~~

~~Financial~~The ~~expense~~tax ~~(net)~~charge ~~decreased~~increased byto 4534.51% ~~compared~~as ~~to 2002 and reached~~ a ~~level~~result of ~~US$~~the ~~19.5~~impairment ~~million~~costs. ~~This~~These ~~decrease~~are ispartly ~~attributable~~deductible toagainst ~~the~~corporation ~~further reduction in the volume of loans and the lower interest rates~~tax.

~~The~~Net ~~tax~~income ~~charge~~before ~~decreased~~exceptional toitems ~~30.3%.~~amounted ~~This~~to is€ ~~mainly~~52.8 ~~due~~million toagainst ~~the fact that~~€ ~~the~~34.5 ~~income~~million ~~achieved~~after inexceptional ~~the United States represents a smaller proportion of the tax burden, partly as a result of the relatively weak dollar~~items.

OnNet ~~balance,~~income ~~the~~per ~~decrease~~ordinary inshare outstanding ~~costs~~before ~~was~~exceptional ~~not~~items ~~enough~~amounted to ~~offset~~€ ~~the~~0.60 ~~effect~~(2002: of€ ~~the~~0.86) ~~decline~~and inafter ~~revenues~~exceptional items to € 0.38.

~~Net~~Discussions ~~income~~have ~~for~~been ~~the~~started ~~six~~with ~~months~~the ~~amounted~~works tocouncil ~~US$~~and ~~47.2~~trade ~~million~~unions orabout ~~US$~~the ~~0.54 per~~intention ~~share~~to ~~based~~transfer onthe ~~83,418,583~~assembly ~~shares,~~of ~~being~~modules ~~the~~to ~~weighted~~Eastern ~~average~~Europe ~~number~~and of ~~ordinary~~the ~~shares~~fully ~~outstanding,~~developed wide ~~compared~~format printing systems to ~~US$~~China 63during 2004.2 ~~million~~Depending oron ~~US$~~the ~~0.73~~outcome ~~per~~of ~~share~~these ~~based~~discussions onit ~~84,111,774~~is ~~shares,~~expected ~~being~~that ~~the~~a ~~weighted~~social ~~average~~plan ~~number~~will ofbe ~~ordinary~~worked ~~shares~~out ~~outstanding at~~during the ~~end~~fourth ofquarter. ~~the~~A ~~first~~provision ~~six~~will ~~months~~then ofbe ~~fiscal~~made ~~2002.~~for the related redundancy costs.

AsWith ~~part of~~ the outsourcing of the lease activities ~~much~~good ~~time~~progress ~~and~~was ~~attention~~made isin aligning ~~being~~the ~~devoted~~administrative tosystems of Océ and those of the ~~adaptation~~lease partner. The objective of transferring virtually the ~~administrative~~entire ~~systems~~lease portfolio before end-2004 remains unchanged.

~~This~~During isthe ~~necessary~~third ~~because~~quarter inOcé ~~the~~paid ~~business~~an ~~model~~additional ~~that~~€ is17.5 ~~applied~~million byinto ~~Océ~~ the ~~machines~~Dutch ~~that~~pension ~~are~~fund. ~~installed~~This onpayment ~~the~~has ~~customer’s~~been ~~premises~~charged ~~are~~to ~~closely~~the ~~monitored~~pension provisions. ~~The~~At ~~lease~~the ~~portfolio~~end ~~cannot~~of bethe ~~fully~~third ~~transferred~~quarter ~~until~~of 2003 the ~~systems~~coverage ratio of ~~Océ~~liabilities ~~and those~~ of the ~~leasing~~Dutch ~~partner~~pension ~~have~~fund ~~been~~amounted ~~fully attuned~~ to ~~each other~~106%.

The aim is still to ensure that the lease portfolio will have been transferred almost in full before end-2004.

The other preparations for the transfer, such as the due diligence and the assessment of the creditworthiness of new contracts, are proceeding according to plan.

With retroactive effect as from the start of the financial year pension liabilities will be reported in line with the IFRS accounting method. This method leads to more transparent reporting and also reduces the volatility of the result because of pension costs. The IFRS method of accounting for pension liabilities is based on the “projected benefit” principle, which takes future salary increases into account as well as various other factors. This leads to a difference from the pension liabilities that were calculated using the method that Océ previously applied.

To cover the difference a provision of US$ 302 million before tax has been included on the balance sheet and charged to shareholders’ equity.

The new calculation method will, in the event of a situation that is comparable with 2002, give rise to a higher regular annual pension charge. In the first six months this increase in the pensions provision amounted to US$ 5 million.

The change in the accounting method will have no influence on cash flow. Apart from the change in the accounting method a payment of US$ 29 to US$ 35 million gross will be made to bring the financing percentage of the Dutch pension fund up to the required level. This payment will not affect the profit & loss account but will be charged to the pension provision.

Results by Strategic Business Unit

In Digital Document Systems (DDS) revenues amounted to ~~US$~~€ 1,~~112~~ 392.5 million. Revenues ~~decreased~~declined by 1513.26%, of which 75.29% autonomous. The decrease in machine sales and in revenues from software and professional services (non-recurring) amounted to 28%. Autonomous revenues from service, consumables and interest lease income (recurring) were 2% lower. This decrease is the result of the downward trend in machine sales over the past two years. Facility

~~[LOGO~~Non-recurring OFrevenues ~~OCÉ]~~(machine ~~July~~sales 8,and ~~2003~~revenues ~~Page~~from software and professional services) declined autonomously by 16.3%.

~~Second~~Recurring ~~quarter~~revenues ~~report~~(service, ~~2003/~~rentals, consumables and interest lease income) declined autonomously by 2.7%. During the first six months this was 2.3%.

USThe ~~VERSION~~autonomous increase in the revenues of Facility Services amounted to 2.3%. The decline in growth is attributable to the intensified focus on the profitability of contracts.

~~Services~~The ~~booked~~operating anincome ~~autonomous~~of ~~increase~~DDS ofamounted 2to € 63.1%8 inmillion ~~revenues~~(2002: € 90.6 million).

~~The~~Wide ~~operating~~Format ~~income~~Printing ofSystems ~~DDS~~(WFPS) ~~amounted~~revenues towere € ~~US$ 58~~629.48 million. ~~(2002:~~Of ~~US$~~the 7516.34% ~~million).~~decline ~~The~~in ~~new~~revenues, ~~products~~8.0% ~~have~~was ~~been~~autonomous. ~~well~~Non-recurring ~~received by~~revenues ~~the~~declined ~~market,~~by ~~customer~~12.6% ~~trials~~(first ~~have~~six ~~been~~months ~~successfully~~2003: ~~completed~~–12.7%); ~~and~~recurring ~~the~~revenues ~~products~~declined ~~are~~by ~~now~~6.2% ~~fully~~(first ~~available~~six inmonths ~~the~~2003: ~~market~~–6.0%).

InThe ~~Wide~~operating ~~Format~~income ~~Printing~~of ~~Systems (~~WFPS) ~~revenues~~ amounted to ~~US$~~€ ~~498~~37.9 7 million. ~~This represented a decrease of 17.0% on~~ (2002.: On€ ~~an autonomous basis the decrease amounted to 7~~65.~~9%.~~4 ~~Sales from printing systems (hardware, software and professional services~~million) ~~decreased by 22% (on an autonomous basis by 13%)~~.

~~The~~Commercial ~~(recurring)~~versus ~~revenues~~financial ~~related~~results tobefore ~~machine~~exceptional ~~sales~~items ~~decreased on an autonomous basis by 6%.~~

Operating income in WFPS amounted to US$ 30.8 million (2002: US$ 56.0 million). The Océ TCS400, the color printer for the TDS market, was very well received by the market.

	Nine months
	2003	2002
In million €
*Commercial activities*
Revenues	1,948	2,276
Operating income	48	91
Net income	31	54
*Financial activities*
Revenues	75	89
Operating income	54	65
Net income	22	21

Commercial versus financial results

	First six months
In million US$	2003	2002
Commercial activities
Revenues	1,551	1,840
Operating income	46	79
Net income	28	44
Financial activities
Revenues	60	72
Operating income	43	53
Net income	19	19

Balance sheet

The balance sheet total ~~decreased~~amounted byto ~~US$~~€ ~~402~~2,597 million asand was € 254 million lower ~~compared~~than toat the end of ~~May~~ 2002. The balance sheet was ~~extended~~shortened asdue ato ~~result of~~ the ~~deferred~~reduction ~~tax~~in ~~claim~~lease ~~that~~receivables ~~has~~(– ~~arisen~~€ ~~because~~108 ~~pension~~million) ~~liabilities~~and ~~are~~trade ~~now~~debtors ~~provided~~(– ~~for~~€ in91 ~~line with the IFRS method~~million).

~~The~~Intangible ~~decrease~~assets inincluding ~~the~~exceptional ~~balance~~items ~~sheet~~decreased ~~total was largely caused~~ by ~~a decrease in long term financial lease receivables (~~– ~~US$~~€ ~~120~~37 million),. inOther ~~trade~~assets ~~debtors~~decreased (–by ~~US$ 221 million) and in rental machines (~~– ~~US$~~€ 7318 million).

~~Inventories~~The ~~showed~~cash aflow ~~slight~~before ~~decline.~~financing ~~This~~activities ~~was~~(free ~~the~~cash ~~result~~flow) ofamounted ~~foreign~~to ~~exchange effects. As a percentage of revenues, inventories were higher because of the~~€ ~~introduction~~120 ~~of new products~~million.

AsInterim adividend consequence of the calculation of the pensions liabilities on the basis of the IFRS method and due to exchange rate effects, group equity decreased by US$ 275 million to US$ 875 million, which represents 27.9% of the balance sheet total.

~~Free~~An ~~cash~~unchanged ~~flow~~interim ~~amounted~~dividend toof ~~US$~~€ 520.215 ~~million~~will be distributed in respect of the 2003 financial year. The interim dividend will be made available entirely in cash, and will be payable from October 27, 2003.

Prospects

~~Economic~~The ~~circumstances~~decline ~~are~~in ~~not~~revenues, ~~showing~~in ~~any~~particular ~~improvement~~in ~~and~~ the ~~investment climate~~sale ~~remains~~of ~~poor.~~new ~~In addition~~systems, ~~the~~is ~~weak~~becoming ~~dollar~~less ~~will impact on revenues and income for the remainder of the year~~pronounced.

InAlthough this trend appears to be continuing in the ~~second~~fourth ~~half~~quarter, ofit is still too early to determine whether the ~~year~~recovery ~~costs~~is ~~will~~structural. beThe ~~reduced~~investment ~~further~~climate shows no real improvement and customers continue to postpone their investment decisions.

InThe ~~the~~strong ~~light~~euro ofrelative to the ~~uncertain~~dollar ~~economic~~will ~~situation~~continue ~~it is not possible~~ to ~~make~~have a ~~pronouncement~~negative ~~about~~influence ~~the~~on ~~results~~revenues ~~for~~and ~~full~~income ~~fiscal~~in ~~2003~~the fourth quarter.

The net result for 2003 before exceptional items is expected to be around € 70 million.

Océ N.V.

~~July~~October 810, 2003

For further information:

Océ N.V.~~, Pierre~~ ~~Vincent, Investor Relations Manager~~

Pierre Vincent, Investor Relations Manager

Venlo, the Netherlands

Telephone #31 77 359 2240

E-mail mve@oce.nl

[LOGO OF OCÉ] July 8, 2003 Page 4

Consolidated Statement of Operations

Period December 1, 2002 to May 31, 2003	Second quarter			Six months
Period December 1, 2002 to August 31, 2003	Third quarter		Nine months
Results in millions except per share*	2002 €	2003 €	2003 US$	2002 €	2003 €	2003 US$
Results in million €	2003	2002	2003	2002
Revenues from sales, rentals and service	~~795~~629.95	~~667~~712.0	~~784~~1,947.86	12,~~563~~275.8	~~1,318.2~~	~~1,551.0~~
Interest from financial lease	3023.26	2528.1	2974.57	6189.24	~~51.0~~	~~60.0~~
Total revenues	~~826~~653.1	~~692~~740.1	~~814~~2,022.3	12,~~625~~365.02	~~1,369.2~~	~~1,611.0~~
Cost of sales, rentals and service	~~485~~381.38	~~401~~433.60	~~472~~1,182.52	~~957~~1,390.78	~~800.4~~	~~941.8~~
Gross margin	~~340~~271.83	~~290~~307.51	~~341~~840.81	~~667~~974.34	~~568.8~~	~~669.2~~
Operating expenses	~~284~~245.06	~~256~~262.28	~~301~~738.56	~~555~~818.64	~~493.0~~	~~580.0~~
Operating income	56.8	34.3	40.3	111.7	75.8	89.2
Operating income before exceptional items	25.7	44.3	101.5	156.0
Financial expense (net)	14.2	7.2	8.4	30.3	16.5	19.5
Exceptional items	23.0	—	23.0	—
Income before income taxes, equity in income of unconsolidated companies and minority interests	42.6	27.1	31.9	81.4	59.3	69.7
Operating income	2.7	44.3	78.5	156.0
Income taxes	14.1	7.5	8.8	26.5	18.0	21.1
Financial expense (net)	6.9	12.0	23.5	42.3
Income before equity in income of unconsolidated companies and minority interests	28.5	19.6	23.1	54.9	41.3	48.6
Income before income taxes, equity in income of unconsolidated companies and minority interests	–4.2	32.3	55.0	113.7
Equity in income of unconsolidated companies	—	—	—	—	0.1	0.1
Income taxes	0.8	10.7	18.7	37.2
Income before minority interests	28.5	19.6	23.1	54.9	41.4	48.7
Income before equity in income of unconsolidated companies and minority interests	–5.0	21.6	36.3	76.5
Minority interests in net income of subsidiaries	0.6	0.7	0.8	1.2	1.3	1.5
Equity in income of unconsolidated companies	—	0.1	0.1	0.2
Net income	27.9	18.9	22.3	53.7	40.1	47.2
Income before minority interests	–5.0	21.7	36.4	76.7
Net income attributable to holders of ordinary shares	27.0	18.0	21.2	51.9	38.3	45.1
Minority interests in net income of subsidiaries	0.6	0.7	1.9	2.0
Free cash flow	97.0	42.1	49.5	94.3	44.4	52.2
Net income	–5.6	21.0	34.5	74.7
EBITDA	105.5	78.0	91.8	209.2	164.3	193.3
Net income attributable to holders of ordinary shares	–6.5	20.1	31.9	72.1
Average number of ordinary shares outstanding (x 1,000)	84,112	83,394	83,394	84,112	83,419	83,419
Free cash flow	75.6	114.1	120.0	208.4
Per ordinary share
EBITDA	67.2	96.6	231.5	305.8
Net income	0.32	0.22	0.25	0.62	0.46	0.54
Average number of ordinary shares outstanding (x 1,000)	83,394	84,112	83,410	84,112
Per ordinary share in €
Net income before exceptional items	0.14	0.24	0.60	0.86
Net income	–0.08	0.24	0.38	0.86

* The company reports in Euro (€). As a convenience for US readers, the results have been converted at US$ 1.1766: €1, the noon buying rate of May 30, 2003. This compares with US$ 0.9339: € 1 used at this time last year.

[LOGO OF OCÉ] July 8, 2003 Page 5

Consolidated Balance Sheet

Second quarter

End fiscal year

Third quarter

Endfinancial year

In millions

2002 €

2003 €

2003 US$

2001 €

2002 €

2002 US$

In million €

2003

2002

2001

Assets

Intangible fixed assets

8849

8586

~~101~~

Tangible fixed assets

~~603~~516

~~523~~599

~~616~~578

637

~~578~~

~~680~~

Financial fixed assets

~~712~~662

~~647~~678

~~761~~681

751

~~681~~

~~801~~

Inventories

~~369~~349

~~358~~356

~~421~~346

365

~~346~~

~~407~~

Accounts receivable and prepaid expenses

~~1,196~~978

1,~~031~~175

1,~~213~~123

1,292

~~1,123~~

~~1,322~~

Cash and cash equivalents

4043

3542

4137

Total assets

32,~~008~~597

2,~~666~~922

32,~~137~~851

3,128

~~2,851~~

~~3,355~~

Liabilities

Total shareholders’ equity

~~938~~730

~~705~~940

~~830~~909

909

~~909~~

~~1,070~~

Minority interest

3938

3839

4540

Long term liabilities (provisions)

~~417~~613

~~653~~432

~~768~~452

428

~~452~~

~~532~~

Long term debt

~~941~~525

~~633~~799

~~745~~756

754

~~756~~

~~890~~

Short term debt

~~132~~195

~~162~~180

~~190~~87

387

~~102~~

Other current liabilities

~~541~~496

~~475~~532

~~559~~607

610

~~607~~

~~714~~

Total liabilities

32,~~008~~597

2,~~666~~922

32,~~137~~851

3,128

~~2,851~~

~~3,355~~

Changes in shareholders’ equity

Period December 1, 2002 to May 31, 2003	Six months
Period December 1, 2002 to August 31, 2003	Nine months
In millions	2002 €	2003 €	2003 US$
In million €	2003	2002
Amount at December 1, 2002/2001	909	909	~~1,070~~
Effect of change in accounting principles	—–173	~~–173~~—	~~–204~~
Amount at December 1, 2002/2001	~~909~~736	~~736~~909	~~866~~
Net income	5435	4075	47
Dividend	—	—	—
Conversion of convertible loans	—	—	—
Purchase of shares	—–1	–1—	–1
Foreign currency translations	–2540	–7044	~~–82~~
At May 31	938	705	830
At August 31	730	940

The effect on shareholders’ equity as per December 1, 2002 of the change in the accounting principles applied for pension liabilities amounted to ~~US$~~€173 ~~204~~ million.

[LOGO OF OCÉ] July 8, 2003 Page 6

Consolidated Statement of Cash Flow

Period December 1, 2002 to May 31, 2003	Six months
Period December 1, 2002 to August 31, 2003	Nine months
In millions	2002 €	2003 €	2003 US$
	2003	2002
Cash flow from operating activities
In million €
Net income	54	40	47
Cash flow from operating activities
Depreciation	97	88	104
Net income	35	75
Investments and divestments in rental equipment and movements in financial lease receivables	37	35	41
Depreciation	153	150
Long term liabilities (provisions) inclusive provision for financial lease and current assets	20	224	264
Investments less divestments in rental equipment and movements in financial lease receivables	46	90
Trade accounts and other receivables	60	64	75
Long term liabilities (provisions) inclusive provisions for financial lease and current assets	–30	8
Inventories	–5	–23	–27
Trade accounts and other receivables	80	78
Trade accounts payable	–9	–43	–51
Inventories	–35	29
Net change in other working capital accounts	–51	–81	–95
Trade accounts payable	–51	–26
Total cash flow from operating activities	203	304	358
Net change in other working capital accounts	–17	–33
Cash flow from investing activities
Total cash flow from operating activities	181	371
Capital expenditure on intangible assets	–3	–4	–4
Cash flow from investing activities
Capital expenditure less divestments in property, plant and equipment	–47	–40	–47
Capital expenditure on intangible assets	–5	6
Capital expenditure on other financial assets	–7	–43	–51
Capital expenditure less investments and divestments in property, plant and equipment	–58	–90
Net change in unconsolidated companies	1	—	—
Capital expenditure on other financial assets	–1	–16
Acquisitions (net of cash)	–53	—	—
Net change in unconsolidated companies	—	—
Pension provisions charged to shareholders’ equity	—	–173	–204
Sale (purchase) group companies after deduction cash and cash equivalents	3	–63
Total cash flow from investing activities	–~~109~~61	–~~260~~163	~~–306~~
Cash flow from financing activities
Interest bearing loans	–6896	–48171	~~–57~~
Purchase of shares	–401	–1—	–1
Dividend	–239	–3940	~~–46~~
Other	—–3	–21	–2
Total cash flow from financing activities	–~~110~~139	–90212	~~–106~~
Effect of exchange rate changes	1625	446	52
Changes in cash and cash equivalents	—6	–2	–2

~~[LOGO~~Three OFmonths ~~OCÉ]~~report ~~July 8,~~ 2003/3 ~~Page 7~~

Second quarter report 2003/2

Océ Profile

The publicly listed holding company of the Group is Océ N.V. The issued share capital amounts to ~~more~~over ~~than~~ € 53 million divided into € 43.6 million ordinary shares, € 10 million financing preference shares and € 1,500.- priority shares. The ordinary and financing preference shares have a nominal value of € 0.50. Ordinary shares in Océ are listed on the stock exchanges in Amsterdam (Euronext), Düsseldorf, Frankfurt/Main and on the electronic stock exchange (EBS) in Switzerland. They are traded in the United States as American Depositary Receipts (ADRS) via NASDAQ. Options to Océ shares are traded on the Euronext Options Exchange.

~~Safe~~€ ~~Safe~~43.6 ~~Harbor~~million ordinary shares, € 10 million financing preference shares and € 1,500.- priority shares. The ordinary and financing ~~Statement~~preference shares have a nominal value of € 0.50. Ordinary shares in Océ are listed on the stock exchanges in Amsterdam (Euronext), Düsseldorf, Frankfurt/Main and on the electronic stock exchange (EBS) in Switzerland. They are traded in the United States as American Depositary Receipts (ADRS) via NASDAQ. Options to Océ shares are traded on the Euronext Options Exchange.

Safe Harbor Statement

This announcement contains certain forward-looking statements within the meaning of the US Private Securities Litigation Reform Act 1995. Océ has based these forward-looking statements on its current expectations and projections about future events. Océ’s expectations and projections may change and its actual results may differ substantially from those projected in the forward-looking statements based on various important factors (some of which are beyond Océ’s control) and which are neither manageable nor foreseeable by Océ.

These factors include, but are not limited to, changes in economic and business conditions, customer demand in competitive markets, the successful introduction of new products and services into the markets, developments in technology, adequate pricing of products and services, competitive pricing pressure within the Company’s markets, financing the Company’s operations, efficient and cost-effective operations, changes in foreign currency exchange rates, fluctuations in interest rates, uncertainty of political situations, changes in governmental regulations and laws, tax rates, successful acquisitions, joint ventures and dispositions and effects of recent and further terrorists attacks and the war on terrorism.

For a more detailed discussion of the risks and other factors that may affect the Company’s results, business or financial condition, pages 64 till 66 of the Annual Report 2002, Océ’s Annual Report on Form 20-F and other filings made by Océ with the US Securities and Exchange Commission should be consulted.

Océ’s forward-looking statements ~~speak~~ only reflect the situation as of the date on which the statements are made, and Océ undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

		Océ-N.V.
[LOGO OF OCÉ] Printing for Professionals		P.O. Box 101, 5900 MA Venlo, the Netherlands Telephone #31 77 359 2222 Telefax #31 77 359 4700 Océ on Internet: http://www.oce.com E-mail: info@oce.com Traderegister Venlo 1200 2283
		July 8, 2003 Page 8

Océ N.V.

[Logo of Océ]

P.O. Box 101, 5900 MA Venlo, the Netherlands

Telephone #31 77 359 2222

Telefax #31 77 354 4700

Océ on Internet: http://www.oce.com

E-mail: info@oce.com

Traderegister Venlo 1200 2283

Press release Océ N.V. [~~LOGO~~Logo OFof ~~OCÉ~~Océ]

~~Press~~Océ ~~release~~intends ~~Océ~~to ~~N.V.~~transfer part of its assembly activities to China and Eastern Europe

Venlo, 29th September 2003—Océ-Technologies ~~sells~~B.V. ~~South~~intends ~~African~~to ~~subsidiary~~transfer part of its assembly activities for printers and the associated sourcing of components from Venlo to ~~Bidvest~~Eastern ~~Group~~Europe and China in 2004. These plans have been submitted to the works council today for their advice, and the social partners have been informed.

As a result of these measures Océ expects that approximately 175 jobs will be lost in Venlo, in the course of next year. The ~~Netherlands~~company expects to achieve a cost price reduction in the order of several tens of per cent by transferring the assembly activities concerned to countries with lower labour cost levels, in addition to lower purchasing costs which can be achieved in these countries. This cost price reduction will enable Océ to strengthen its competitive position on the world market. In addition, the transfer of part of the assembly activities to the Far East will enable Océ to intensify its market presence in that region.

~~July~~It 15is planned that the assembly of modules will be transferred to Eastern Europe during 2004, while ~~2003~~the assembly of fully developed wide format printing systems will be transferred to China. Océ intends to focus in Venlo on knowledge-intensive activities in the areas of R&D and Manufacturing & Logistics, including the development and the production of strategic components and the assembly of complex printing systems for the world market. More than 3,000 people are at present employed at the Océ sites in Venlo.

Océ ~~N.V.~~is ~~and~~holding ~~the~~discussions ~~Bidvest~~with ~~Group~~the ~~Ltd.~~works ~~have~~council ~~today~~and ~~agreed~~trade ~~upon~~unions ~~the~~about ~~Bidvest~~these ~~Group’s~~plans. ~~acquisition~~The ofcompany ~~the~~intends ~~entire~~to ~~issued~~provide ~~share~~employees ~~capital~~whose ofjobs ~~Océ~~are ~~Printing~~lost ~~Systems~~with ~~(South~~support ~~Africa)~~in ~~(Pty.)~~finding ~~Ltd~~new positions over an extended period. ~~based~~Compulsory inredundancies ~~Johannesburg~~cannot be ruled out.

~~The~~In ~~Bidvest~~July ~~Group~~2003 ~~has been successfully distributing~~ Océ’s ~~wide~~announced ~~format~~that ~~products~~it aswas ~~well~~conducting asa ~~Océ’s~~study ~~products~~into ~~for~~ the ~~office~~possibilities ~~market in South Africa for a number~~ of ~~years.~~transferring ~~Through~~activities ~~the acquisition Bidvest will now also become Océ’s distributor for high volume printing systems in South Africa. The sale reflects Océ’s strategy~~ to ~~cooperate~~countries with ~~strong distributing partners~~lower inlabour ~~those~~costs. ~~countries~~The ~~where~~policy ~~Océ~~plans ~~does~~announced ~~not~~today ~~own~~are aamong ~~full~~the ~~fledged~~outcomes ~~sales~~of ~~and~~this ~~service organisation, like in South Africa~~study.

InThe ~~the~~plans ~~financial~~were ~~year~~announced ~~2002~~and ~~Océ~~explained ~~Printing~~to ~~Systems~~employees ~~(South~~in ~~Africa)~~the ~~(Pty.)~~assembly ~~Ltd~~departments this morning in person by Mr. ~~realised~~Nico aKoole, ~~turnover~~director of €Océ ~~6.3~~Manufacturing ~~million~~& Logistics.

The closing of the transaction is anticipated to take place as soon as possible.

The parties have agreed not to disclose the purchase price.

Océ N.V.

~~July~~29th ~~15,~~September 2003

For further information:

Océ Investor Relations

phone #31 77 359 2240

e-mail mve@oce.nl

[LOGO OF OCÉ]

Press release

Océ N.V.

Study into relocation of assembly activities

Océ is investigating possibilities to further reduce the cost price of its products. One aspect of this investigation is to identify possibilities to transfer additional assembly activities and the associated procurement of parts to low cost countries. Océ currently has two assembly facilities in the Czech Republic. The results of the investigation, which pertains to certain activities in the Venlo assembly facilities, will be discussed with the Works Council and the unions. Core activities, such as the production of strategic components and the final assembly of complex print systems, are not included in this investigation.

Océ N.V.

4th July 2003

For further information:

Océ Corporate Communications

phone #31.77 359 2000

e-mail hol@oce.nl

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

OCÉ N.V. (Registrant) By: /s/ R.L. VAN IPEREN Chairman of the Board of Executive Directors (Principal Executive Officer)

Dated: July 18, 2003

Filing Compare · OCE N V