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 ~~months~~month of ~~September~~January ~~and~~2005 ~~October 2003~~

Commission File Number: 0-13742

Océ N.V.

(Translation of registrants name into English)

St. Urbanusweg 43, Venlo, The Netherlands

(Address of principal executive 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: ¨

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: þ

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.

By:		/s/ R.L. van Iperen
		Chairman of the Board of Executive Directors
		(Principal Executive Officer)

Dated: ~~October~~February 2010, ~~2003~~ 2005

~~Océ~~Three ~~results third quarter and nine~~ months ~~2003~~report ~~Results~~2004/4 ~~third quarter and nine months 2003* October 10, 2003~~

	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

[GRAPHIC]

•Provisional ~~Net~~results ~~income~~2004 ~~from~~financial ~~normal~~year* ~~activities amounts to € 52.8 million.~~

• Net income after deduction of € 18.3 million impairment costs amounts to € 34.5 million.


	Financial year						Fourth quarter
	2004	2003			organic		2004	2003			organic
In million €
Total revenues	2,652.5	2,769.3	–4.2	%	0	%	702.2	746.9	–6.0	%	–2.7	%
Operating income	110.4	124.8	–11.6	%	19	%	29.1	46.4	–37.2	%	–9.6	%
Net income	78.1	61.5	27.0	%	—		25.4	27.0	–5.9	%	—

In € per share
Net income	0.89	0.69	28.6	%			0.29	0.31	–6.3	%
Dividend	0.58	0.58

• ~~Free~~On ~~cash~~an ~~flow~~organic ~~amounts~~basis total revenues for 2004 finished at the same level as in 2003 thanks to the growing sales of new printing systems. This has brought the decrease of the past 3 years to a halt. Total revenues includes € ~~120~~31 million from the sale of the lease portfolio.

• ~~Plans~~The tooutsourcing ~~transfer~~of ~~assembly~~part ~~activities~~of the manufacturing operations to ~~Eastern~~Central Europe and ~~China~~Asia ~~are~~has ~~being~~been ~~developed~~implemented ~~further~~according to plan. The objectives set for cost-price and quality have been achieved.

• ~~Interim~~The ~~dividend~~operating ~~will~~income befrom ~~maintained~~commercial atactivities, €excluding 0the book profit on the sale of the lease portfolio, is expected to grow in 2005 as compared to 2004.~~15.~~

•Rokus ~~Net~~van ~~income for fiscal year 2003~~Iperen, ~~before~~chairman ~~exceptional~~of ~~items,~~the isBoard ~~expected~~of toExecutive Directors: ~~reach approximately € 70 million.~~

•“The ~~Declining~~strategy ~~trend~~that was formulated in ~~revenues~~2002 is ~~becoming~~bearing its ~~less~~first ~~pronounced~~fruits. The increase in machine sales during the past year is a direct consequence of the investments in product development and sales. Particularly the products that Océ launched in 2003 and 2004 are selling well. Revenues from maintenance and service, which are currently still lagging behind, are recovering later than expected.”

*• ~~The~~In ~~figures~~the ~~stated~~fourth inquarter ~~this~~non-recurring ~~report~~revenues ~~are~~grew ~~unaudited.~~organically ~~The~~by ~~report~~8.8%, ~~has~~whilst ~~been~~recurring ~~prepared~~revenues onshowed ~~the~~an ~~basis~~organic decrease of ~~Dutch~~7.5%. ~~GAAP;~~The asoperating ~~compared~~income tofor the ~~Annual~~fourth ~~Financial~~quarter ~~Statements~~includes ~~for~~a ~~2002~~book ~~changes~~profit ~~have~~of ~~taken~~€ ~~place~~10.1 inmillion on the ~~accounting~~sale ~~principles~~of ~~(see~~lease ~~the~~contracts. ~~text~~Interest inproceeds ~~the~~from ~~overview~~financial ~~“Changes~~lease incontracts ~~shareholders’~~decreased ~~equity”)~~by € 10.8 million.

**• ~~Before~~The ~~exceptional~~net ~~items~~income for the fourth quarter includes the release of a tax provision of € 1.4 million.

~~Results~~• ~~third~~Free cash flow in the fourth quarter ~~2003~~amounted to € 178 million.

InProvisional ~~the~~results ~~third~~fourth quarter ~~revenues~~2004 declined by 11.8% compared with 2002 to € 653.1 million. The autonomous decline in revenues amounted to 4.9%. Due to exchange rate effects revenues decreased by 6.7%. The decline in revenues is therefore less than in the second quarter of 2003 when the autonomous revenues decline amounted to more than 7%.

~~The~~Revenues ~~Strategic~~decreased ~~Business~~in ~~Unit~~the ~~Digital~~fourth ~~Document~~quarter ~~Systems~~by ~~was~~6.0%, ~~even able to show a substantially lower decline in autonomous revenues~~ of which 3.23%, ~~compared~~was ~~with~~due ~~the~~to ~~first~~exchange rate ~~two quarters of 2003~~effects. InThe ~~the~~organic ~~Strategic~~decrease ~~Business~~in ~~Unit Wide Format Printing Systems the autonomous~~ revenues ~~decline~~was ~~of 8~~2.37% ~~was marginally lower than in the previous quarter~~.

As a result of the sale of the lease portfolio interest revenues from lease contracts were € 10.8 million lower. The ~~gross~~book ~~margin~~profit ~~remained~~on ~~stable~~the ~~compared~~sale ~~with~~amounted ~~2002~~to € 10.1 million. Non-recurring revenues were up by 8.8% (41excluding the sale of lease contracts: 6.9%). Sales of printing systems continue to develop positively. Recurring revenues decreased on an organic basis by 7.5% (excluding the sale of lease contracts: -5.9%). The decrease is attributable to lower interest proceeds from lease contracts and reduced revenues from maintenance contracts. Because of the continuing price pressure in the market, revenues from sales of paper were also lower.

~~Partly~~The ~~due~~gross tomargin ~~restructuring operating expenses~~ decreased by 62.58%; onto ~~an autonomous~~40.7%. ~~basis~~Of ~~the~~this decrease, 0.9% was 1due to a lower hedging result than in the fourth quarter of 2003.~~1%.~~

~~Net~~The ~~income~~volume/mix ~~before~~effect ~~exceptional items~~ amounted to ~~€ 12~~1.~~7 million (–39.6~~9%).

AnOperating ~~amount~~expenses ~~of €~~decreased ~~18.3~~by ~~million relating to impairment costs has been charged to the third quarter for Practical Print Solutions and Océ Display Graphics Systems~~7.8%.

~~Practical~~On ~~Print~~an ~~Solutions,~~organic ~~whose~~basis ~~activities~~the ~~include~~decrease ~~print procurement,~~ was ~~acquired in November 2001~~5. ~~This new activity for Océ has not generated the expected income and growth~~5%.

ItOperating ~~has~~income ~~therefore~~amounted ~~been decided~~ to ~~charge~~€ ~~nearly~~29.1 ~~all~~million ~~of the capitalised goodwill to income~~(-37.2%).

~~Part~~* ofThe ~~the~~figures ~~assets~~stated ofin ~~the~~this ~~business~~report ~~group Display~~are ~~Graphics,~~unaudited. ~~which~~The ~~includes~~report ~~the~~has ~~Imaging~~been ~~Division~~prepared ~~acquired~~on ~~from~~the ~~Gretag,~~basis ~~had~~of toDutch beGAAP; ~~impaired~~as ~~for~~compared ~~accounting~~to ~~reasons.~~the ~~The~~Annual ~~strategic~~Financial ~~significance~~Statements offor ~~the~~2003 ~~decision~~there tohave ~~retain~~been ano ~~presence~~changes in ~~and~~the toaccounting ~~expand~~principles ~~further~~used infor ~~this~~financial ~~potential~~reporting, ~~growth~~with ~~segment~~the ~~remains undiminished.~~exception ~~The~~of ~~total~~changes ~~value~~in ofcertain ~~this~~balance ~~business~~sheet ~~group~~classifications. isOn ~~greater~~January ~~than~~31, ~~the~~2005 ~~total~~Océ ~~book~~will ~~value~~publish its definitive results as ~~shown~~included onin the ~~balance~~Annual ~~sheet.~~Financial Statements.

~~Impairment~~Interest ischarges adecreased ~~non-cash~~by ~~item~~48.8% ~~and~~to ~~has~~€ ~~therefore~~3.6 nomillion ~~influence~~due onto a decrease in the ~~available~~net ~~cash~~debt ~~flow~~position.

~~Results~~The ~~nine~~tax ~~months~~charge ~~2003:~~includes ~~declining~~the ~~trend~~release inof ~~revenues~~provisions isof ~~becoming~~€ ~~less~~1.4 ~~pronounced~~million. This release results from the definitive settlement of tax risks to which the provisions related. Net income amounted to € 25.4 million (2003: € 27.0 million).

~~Revenues~~Net ~~amounted~~income toper €ordinary ~~2,022.3~~share ~~million,~~outstanding ~~which~~ was ~~14.5%~~€ ~~lower than for the same period of the previous year~~0.29 ~~Exchange~~(2003: ~~rate~~€ ~~effects and the sale of the subsidiary in South Africa resulted in a decline in revenues of 7~~0.9%31). ~~The autonomous 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.~~

~~During~~Provisional ~~the~~fourth ~~first~~quarter ~~six~~results ~~months~~by ofStrategic ~~2003~~Business ~~the~~Unit autonomous 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.

~~The~~In ~~gross~~Digital ~~margin~~Document ~~increased~~Systems by(DDS) 0revenues in the fourth quarter were € 484.3%1 million to(2003: 41€ 514.5% ~~compared~~million). ~~with~~On ~~2002.~~an ~~This~~organic ~~increase~~basis ~~was~~revenues decreased by 2.7% compared to the ~~net~~fourth ~~result~~quarter of a2003. ~~positive~~Exchange ~~currency~~rate ~~hedging~~effects ~~result~~depressed (0revenues by 3.73%). ~~and~~Non-recurring arevenues ~~negative volume/mix~~showed ~~effect~~an ~~(–0~~organic increase of 12.4% (excluding the sale of lease contracts: 9.6%). The ~~most~~growth ~~important~~in ~~elements~~sales of ~~the~~printing ~~volume/mix~~systems ~~effect~~continued ~~are~~to ~~lower~~move ~~lease~~ahead ~~revenues~~well. ~~and~~This ~~reduced~~was ~~margins~~mainly due to the success of machines that were introduced in the ~~United~~past ~~States~~two years.

~~Operating~~Recurring ~~expenses~~revenues decreased organically by 98.76%, of(excluding ~~which~~the ~~over~~sale ~~3% was autonomous. Operating expenses remain under control as a result~~ of ~~the~~lease ~~restructuring measures and the~~contracts: ~~ongoing focus on the development of costs~~7.0%).

~~EBITDA~~This ~~amounted~~decrease was caused by lower interest proceeds and reduced revenues from maintenance contracts. The lower interest proceeds were attributable to €the ~~231~~disposal of the lease portfolio.~~5 million~~ The reduced revenues from maintenance contracts are the result of the withdrawal of about 25,000 ~~which~~low ~~was~~volume 24machines from the office market.3% ~~lower~~In ~~than~~addition, the number of analogue copiers installed in the ~~corresponding~~market ~~period~~is ofshowing ~~2002~~a strong decline.

~~Operating~~Recurring ~~income~~revenues ~~(EBIT)~~were ~~before~~likewise ~~exceptional~~affected ~~items~~in ~~declined~~the fourth quarter by 34the flat development of revenues within Océ Business Services.9% This resulted from the loss of a substantial contract which Océ decided to discontinue rather than allow this to impact on its income targets. In all of the preceding quarters of the past year revenues within this business group had shown a clear increase. The operating income of the DDS Strategic Business Unit amounted to € ~~101~~10.5 million (2003: € 17.0 million).

~~Financial~~Revenues ~~expense~~in Wide Format Printing Systems (~~net~~WFPS) ~~decreased~~were ~~further~~€ to218.1 million (2003: € 23232.4 million). ~~(–44~~On an organic basis revenues were 2.6% ~~compared~~lower, with ~~2002~~exchange rate effects causing a decline of 3.5%. Non-recurring revenues increased by 1.9% on an organic basis (excluding the sale of lease contracts also 1.9%).

~~The~~This ~~tax~~growth ~~charge~~in ~~increased~~revenues towas 34principally booked by colour printers, both in the design engineering and in the printing industry market.1 Recurring revenues decreased organically by 4.9% as(excluding athe ~~result~~sale of lease contracts: -3.3%). In addition to the ~~impairment~~decrease ~~costs~~in interest revenues from leases, this decline is due to lower revenues from sales of supplies. ~~These~~Operating ~~are~~income ~~partly~~amounted ~~deductible~~to ~~against~~€ ~~corporation~~18.6 ~~tax~~million (2003: € 29.4 million).

~~Net~~Provisional ~~income~~results ~~before~~2004 ~~exceptional~~financial ~~items amounted to € 52.8 million against €~~year ~~34.5 million after exceptional items.~~

~~Net~~Total ~~income~~revenues ~~per~~amounted ~~ordinary~~to ~~share~~€ 2,652.5 million (2003: € ~~outstanding~~2,769.3 ~~before~~million). ~~exceptional~~The ~~items~~4.2% ~~amounted~~decrease in revenues was entirely due to €the 0impact of exchange rate changes.60 ~~(2002:~~On an organic basis revenues were the same as in the previous year. Total revenues comprise an amount of € 030.~~86)~~9 ~~and~~million ~~after~~in ~~exceptional~~the ~~items~~form toof a book profit on the sale of lease contracts. This sale meant that the interest revenues from financial leases were reduced by € 29.4 million. Non-recurring revenues increased on an organic basis by 10.6% (excluding the sale of the lease contracts: 7.0%), whilst recurring revenues decreased organically by 3.386% (excluding the sale of lease contracts: 2.7%).

~~Discussions~~The ~~have~~gross ~~been~~margin ~~started~~was ~~with~~41.6%, ~~the~~a ~~works~~decrease ~~council and trade unions about the intention to transfer the assembly~~ of ~~modules to Eastern Europe and of the fully developed wide format printing systems to China during 2004~~0.5% ~~Depending~~ on the ~~outcome~~2003 offinancial ~~these discussions it is expected that a social plan will be worked out during the fourth quarter~~year. ~~A provision will then be made for the related redundancy costs.~~

~~With~~Operating ~~the~~expenses ~~outsourcing~~decreased ofon ~~the~~a ~~lease~~organic ~~activities~~basis ~~good~~by ~~progress was made in aligning the administrative systems of Océ and those of the lease partner~~1. ~~The objective of transferring virtually the entire lease portfolio before end-2004 remains unchanged~~6%.

~~During~~Operating ~~the~~income ~~third~~amounted ~~quarter~~to ~~Océ paid an additional~~ € 17110.54 million, ~~into~~which ~~the~~was ~~Dutch~~almost ~~pension~~12% ~~fund.~~lower ~~This~~than ~~payment~~in ~~has been charged to the pension provisions. At the end of the third quarter of~~ 2003 ~~the coverage ratio of liabilities of the Dutch pension fund amounted to 106%~~.

~~Results~~The bydecrease ~~Strategic~~was ~~Business~~attributable ~~Unit~~in full to exchange rate effects. Organically, operating income increased by 19%.

InInterest ~~Digital~~charges ~~Document~~decreased ~~Systems~~by ~~(DDS)~~40.8% ~~revenues amounted~~ to € ~~1,392~~18.51 million. ~~Revenues declined by 13.6%, of which 5.9% autonomous.~~

~~Non-recurring~~The ~~revenues~~tax ~~(machine~~charge ~~sales~~amounted ~~and~~to ~~revenues~~13.2%. ~~from~~Excluding ~~software~~the ~~and~~release ~~professional~~of ~~services)~~the tax provision of € ~~declined~~7.0 ~~autonomously~~million, bythe 16tax charge worked out at 20.38%.

~~Recurring~~Net ~~revenues (service, rentals, consumables and interest lease~~ income) ~~declined~~rose ~~autonomously~~ by 2 27.70%. ~~During~~to ~~the~~€ ~~first~~78.1 ~~six months this was 2~~million.~~3%.~~

~~The~~Net ~~autonomous~~income ~~increase~~per inordinary ~~the~~share ~~revenues~~outstanding was of€ ~~Facility~~0.89 ~~Services~~(2003: ~~amounted~~€ ~~to 2~~0.3%69). ~~The decline in growth is attributable to the intensified focus on the profitability of contracts.~~

~~The~~Outsourcing ~~operating income~~ of ~~DDS~~lease ~~amounted to € 63.8 million (2002:~~activities ~~€ 90.6 million).~~

~~Wide~~The ~~Format~~outsourcing ~~Printing~~of ~~Systems~~the ~~(WFPS)~~lease ~~revenues~~activities ~~were €~~progressed ~~629.8~~well ~~million~~in the fourth quarter. OfDuring the ~~16.4%~~quarter ~~decline~~contracts into ~~revenues,~~the ~~8.0%~~value ~~was~~of ~~autonomous.~~€ ~~Non-recurring~~107 ~~revenues~~million ~~declined~~within bythe ~~12.6%~~existing ~~(first~~lease ~~six~~portfolio ~~months~~were ~~2003:~~sold ~~–12~~to the company’s lease partners.~~7%);~~ ~~recurring~~The ~~revenues~~book ~~declined~~profit byon ~~6.2%~~this ~~(first~~sale ~~six~~amounted ~~months~~to ~~2003:~~€ –610.~~0%)~~1 million.

The ~~operating~~level ~~income~~of the lease receivables on the balance sheet at the end of ~~WFPS~~the financial year amounted to € 37403 million.7 A further package of € 175 million ~~(2002:~~is expected to be sold in 2005, which will leave a portfolio with a value of approximately € ~~65.4~~225 million) on the balance sheet.

Commercial versus financial results ~~before exceptional items~~

	Nine months
	2004	2003
	2003	2002
In million €
Commercial activities
Commercial activities*
Revenues	12,~~948~~585	2,~~276~~672
Operating income	4862	9156
Net income	3153	5436
Financial activities
Revenues	7568	8997
Operating income	5448	6569
Net income	2225	2125

~~Balance~~* ~~sheet~~Including book profit on sale of lease portfolio:

~~The~~2004: ~~balance sheet total amounted to~~ € ~~2,597~~31 million; ~~and~~2003: ~~was~~ € ~~254 million lower than at the end of 2002~~6.0 ~~The balance sheet was shortened due to the reduction in lease receivables (– € 108~~ million~~) and trade debtors (– € 91 million)~~.

~~Intangible~~Outsourcing ~~assets~~of ~~including~~manufacturing ~~exceptional items decreased by – € 37 million. Other assets decreased by – € 18 million.~~

The ~~cash~~outsourcing ~~flow~~of ~~before~~part ~~financing~~of the manufacturing activities ~~(free~~from ~~cash~~Venlo ~~flow)~~to ~~amounted~~Central Europe and Asia is progressing entirely according to €plan. The quality, the cost reduction ~~120~~and ~~million~~the supply chain performance are in line with the set targets.

~~Interim~~Cooperation with ~~dividend~~the partners handling the outsourced manufacturing activities is constructive. In the 2005 financial year 20% of Venlo’s original manufacturing output will originate from these countries. The related reduction in personnel numbers in Venlo has largely been completed.

AnExperiences ~~unchanged~~to ~~interim~~date ~~dividend~~strengthen ofthe €view ~~0.15~~that Océ ~~will~~must becontinue ~~distributed~~along inits ~~respect~~chosen ofroute. Apart from the ~~2003 financial~~lower ~~year.~~manufacturing ~~The~~costs ~~interim~~that ~~dividend~~have ~~will~~now bebeen ~~made~~achieved, ~~available~~an ~~entirely~~additional inadvantage ~~cash,~~is ~~and~~that ~~will~~products bethat ~~payable~~are ~~from~~sourced ~~October~~in 27Asia are paid for in dollars, ~~2003~~which reduces Océ’s dollar-sensitivity.

Balance sheet and cash flow

The balance sheet total amounted to € 2,233 million, a decrease of € 188 million compared to the balance sheet at the end of the 2003 financial year. The main factors that caused a decrease in the assets position were lease receivables (- € 400 million), trade accounts receivable (- € 50 million) and an increase in liquid funds (€ 257 million) and in other working capital (€ 5 million).

Shareholders’ equity at the end of 2004 was equal to that at the 2003 year end. During the year there was a mainly dollar-related negative translation result of € 26 million.

Interest-bearing loans decreased by € 68 million to € 481 million.

Net debt fell from € 494 million to € 168 million. The solvency ratio amounted to 33.7% (2003: 31.0%). Total free cash flow was € 370 million.

Dividend

A proposal will be made to shareholders that the dividend for the 2004 financial year be maintained at € 0.58 per ordinary share of € 0.50 nominal. If this proposal is adopted, the final dividend per ordinary share for 2004 will amount to € 0.43 in cash. The interim dividend for 2004 amounted to € 0.15 per ordinary share.

General Meeting of Shareholders

The Annual General Meeting of Shareholders will be held on April 15, 2005.

The agenda for the meeting will be published on March 15, 2005. The annual report will be published on-line on our website on February 1, 2005 and will become available in printed form on February 18, 2005.

Prospects

~~The~~Océ ~~decline~~will ininvest ~~revenues,~~further in ~~particular~~raising its distributive strength in 2005. Supported by the ~~sale~~new range, sales of ~~new~~printing systems, iswill ~~becoming~~show ~~less~~continued ~~pronounced~~growth.

~~Although~~This ~~this~~will ~~trend~~lead ~~appears~~ to bea ~~continuing~~turn around in the ~~fourth~~recurring ~~quarter~~revenues, itwhich is ~~still~~expected ~~too early~~ to ~~determine~~take ~~whether~~place during the ~~recovery~~course isof ~~structural~~2005. ~~The investment climate shows no real improvement and customers continue to postpone their investment decisions.~~

~~The~~Operating ~~strong~~income ~~euro~~from ~~relative~~commercial toactivities, excluding the ~~dollar~~book ~~will~~profit ~~continue~~on tothe ~~have~~sale aof ~~negative~~the ~~influence~~lease onportfolio, ~~revenues~~is ~~and~~expected ~~income~~to be higher than in 2004, provided however that the ~~fourth~~dollar ~~quarter~~does not fall further in value against the euro.

~~The~~As ~~net~~a result ~~for~~of ~~2003~~the ~~before~~lower ~~exceptional~~revenues ~~items~~from isleases, ~~expected~~net toincome will be ~~around~~below €that 70of ~~million~~2004.

Océ N.V.

~~October~~January 1017, ~~2003~~2005

For further information: Océ N.V.

~~Océ~~Pierre ~~N.V.~~Vincent

~~Pierre~~Senior ~~Vincent,~~VP Investor Relations ~~Manager~~

Venlo, the Netherlands

Telephone #31 77 359 2240

E-mail mve@oce.nl

Consolidated Statement of Operations

Period December 1, 2002 to August 31, 2003	Third quarter		Nine months
Period December 1, 2003 till November 30, 2004	Fourth quarter		Financial year
Results in million €	~~2003~~2004	~~2002~~2003	~~2003~~2004	~~2002~~2003
Revenues from sales, rentals and service	~~629~~690.52	~~712~~724.0	12,~~947~~584.63	2,~~275~~671.87
Interest from financial lease	2312.60	2822.19	7468.72	8997.46
Total revenues	~~653~~702.12	~~740~~746.19	2,~~022~~652.35	2,~~365~~769.23
Cost of sales, rentals and service	~~381~~416.82	~~433~~421.08	1,~~182~~549.21	1,~~390~~604.81
Gross margin	~~271~~286.30	~~307~~325.1	~~840.~~1,103.4	~~974~~1,165.42
Operating expenses	~~245~~256.63	~~262~~276.86	~~738~~985.61	~~818~~1,015.42
Operating income before exceptional items	25.7	44.3	101.5	156.0
Impairment of fixed assets	0.6	2.1	7.9	25.2
Exceptional items	23.0	—	23.0	—
Operating income	29.1	46.4	110.4	124.8
Operating income	2.7	44.3	78.5	156.0
Financial expense (net)	3.6	7.1	18.1	30.5
Financial expense (net)	6.9	12.0	23.5	42.3
Income before income taxes, equity in income of unconsolidated companies and minority interests	25.5	39.3	92.3	94.3
Income before income taxes, equity in income of unconsolidated companies and minority interests	–4.2	32.3	55.0	113.7
Income taxes	–0.2	11.8	12.2	30.5
Income taxes	0.8	10.7	18.7	37.2
Income before equity in income of unconsolidated companies and minority interests	25.7	27.5	80.1	63.8
Income before equity in income of unconsolidated companies and minority interests	–5.0	21.6	36.3	76.5
Equity in income of unconsolidated companies	0.3	—	0.5	0.1
Equity in income of unconsolidated companies	—	0.1	0.1	0.2
Income before minority interests	26.0	27.5	80.6	63.9
Income before minority interests	–5.0	21.7	36.4	76.7
Minority interests in net income of subsidiaries	0.6	0.5	2.5	2.4
Minority interests in net income of subsidiaries	0.6	0.7	1.9	2.0
Net income	25.4	27.0	78.1	61.5
Net income	–5.6	21.0	34.5	74.7
Free cash flow	177.7	207.8	370.5	327.8
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)	83,515	83,404	83,488	83,409
Free cash flow	75.6	114.1	120.0	208.4
EBITDA	67.2	96.6	231.5	305.8
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	0.29	0.31	0.89	0.69
Net income	–0.08	0.24	0.38	0.86

Consolidated Balance Sheet

	Third quarter		Endfinancial year
In million €	30.11.2004	30.11.2003
In million €	2003	2002	2002	2001
Assets
Assets
Intangible fixed assets	37	49
Intangible fixed assets	49	72	86	43
Tangible fixed assets	481	494
Tangible fixed assets	516	599	578	637
Financial fixed assets	360	561
Financial fixed assets	662	678	681	751
Inventories	317	310
Inventories	349	356	346	365
Accounts receivable and prepaid expenses	725	952
Accounts receivable and prepaid expenses	978	1,175	1,123	1,292
Cash and cash equivalents	313	55
Cash and cash equivalents	43	42	37	40
Total assets	2,233	2,421
Total assets	2,597	2,922	2,851	3,128
Liabilities
Liabilities
Total shareholders’ equity	714	713
Total shareholders’ equity	730	940	909	909
Minority interest	38	39
Minority interest	38	39	40	40
Long term liabilities (provisions)	516	596
Long term liabilities (provisions)	613	432	452	428
Long term debt	438	381
Long term debt	525	799	756	754
Short term debt	43	168
Short term debt	195	180	87	387
Other current liabilities	484	524
Other current liabilities	496	532	607	610
Total liabilities	2,233	2,421
Total liabilities	2,597	2,922	2,851	3,128

Changes in shareholders’ equity

Period December 1, 2002 to August 31, 2003	Nine months
In million €	2003	2002
Amount at December 1, 2002/2001	909	909
Effect of change in accounting principles	–173	—
Amount at December 1, 2002/2001	736	909
Net income	35	75
Dividend	—	—
Conversion of convertible loans	—	—
Purchase of shares	–1	—
Foreign currency translations	–40	–44
At August 31	730	940

Period December 1, 2003 till November 30, 2004

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


In million €	30.11.2004	30.11.2003
Amount at December 1, 2003/2004	713	771

Net income	78	61
Dividend	–52	–52
Change repurchased shares stock option plan	1	–1
Foreign currency translations	–26	–66

At November 30	714	713

Abridged Consolidated Statement of Cash Flow

Period December 1, 2002 to August 31, 2003	Nine months
	2003	2002
In million €
Cash flow from operating activities
Net income	35	75
Depreciation	153	150
Investments less divestments in rental equipment and movements in financial lease receivables	46	90
Long term liabilities (provisions) inclusive provisions for financial lease and current assets	–30	8
Trade accounts and other receivables	80	78
Inventories	–35	29
Trade accounts payable	–51	–26
Net change in other working capital accounts	–17	–33
Total cash flow from operating activities	181	371
Cash flow from investing activities
Capital expenditure on intangible assets	–5	6
Capital expenditure less investments and divestments in property, plant and equipment	–58	–90
Capital expenditure on other financial assets	–1	–16
Net change in unconsolidated companies	—	—
Sale (purchase) group companies after deduction cash and cash equivalents	3	–63
Total cash flow from investing activities	–61	–163
Cash flow from financing activities
Interest bearing loans	–96	–171
Purchase of shares	–1	—
Dividend	–39	–40
Other	–3	–1
Total cash flow from financing activities	–139	–212
Effect of exchange rate changes	25	6
Changes in cash and cash equivalents	6	2

Period December 1, 2003 till November 30, 2004

Three months report 2003/3


In million €	2004	2003
Cash flow from operating activities
Net income	78	61
Depreciation	147	173
Impairment of fixed assets	8	25
Investments less divestments in rental equipment and movements in financial lease receivables	35	30
Long term liabilities (provisions) inclusive provisions for financial lease and current assets	–60	14
Trade accounts and other receivables	31	71
Inventories	–63	6
Trade accounts payable	2	–31
Net change in other working capital accounts	–41	–9

Total cash flow from operating activities	137	340

Cash flow from investing activities
Capital expenditure on intangible assets	–9	–11
Capital expenditure less divestments in property, plant and equipment	–74	–81
Capital expenditure on other financial assets	3	–2
Net change in unconsolidated companies	1	—
Sale of lease portfolio	312	80
Sale (purchase) group companies after deduction cash and cash equivalents	—	2

Total cash flow from investing activities	233	–12

Cash flow before financing activities	370	328

Interest bearing loans	–60	–239
Change repurchased shares stock option plan	1	–1
Dividend	–52	–52
Other	–3	–3

Cash flow from financing activities	–114	–295

Translation differences	1	–15

Change in cash and cash equivalents	257	18

~~Océ~~Forward-looking ~~Profile~~statements

~~The~~This ~~publicly~~report ~~listed~~contains ~~holding~~certain ~~company~~forward-looking statements within the meaning of Section 27A of the ~~Group~~Securities isAct ~~Océ~~of ~~N.V.~~1933, ~~The~~as ~~issued~~amended (referred ~~share~~to ~~capital~~hereafter ~~amounts~~as the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (referred to ~~over~~hereafter €as 53the ~~million~~Exchange ~~divided~~Act). ~~into~~These forward-looking statements, which may be expressed in a variety of ways, including the use of future or present tense language, refer to future events. Océ has based these forward-looking statements on its current expectations and projections about future events.

€Océ’s ~~43.6~~expectations ~~million~~and ~~ordinary~~projections ~~shares~~may change and Océ’s actual results, €performance 10or ~~million~~achievements ~~financing~~could ~~preference~~be significantly ~~shares~~different ~~and~~from €the ~~1,500.~~results expressed in or implied by these forward-looking ~~priority~~statements ~~shares.~~based ~~The~~on ~~ordinary~~various important factors, risks and ~~financing preference~~uncertainties ~~shares~~(some ~~have~~of awhich ~~nominal~~are ~~value~~beyond ofOcé’s €control) ~~0.50.~~and ~~Ordinary~~which ~~shares~~are inneither manageable nor foreseeable by Océ. ~~are~~When ~~listed~~considering onthese ~~the~~forward-looking ~~stock~~statements, ~~exchanges~~you should keep in ~~Amsterdam~~mind ~~(Euronext),~~these ~~Düsseldorf~~risks, ~~Frankfurt/Main~~uncertainties and onother ~~the~~cautionary ~~electronic~~statements ~~stock~~made ~~exchange~~in ~~(EBS)~~this inreport ~~Switzerland.~~or ~~They~~Océ’s ~~are traded~~other inannual or periodic reports filed with the United States asSecurities ~~American~~and ~~Depositary~~Exchange ~~Receipts~~Commission. ~~(ADRS)~~In ~~via~~view ~~NASDAQ.~~of ~~Options~~these torisks, ~~Océ~~uncertainties ~~shares~~and ~~are~~assumptions, ~~traded~~the onforward-looking ~~the~~events ~~Euronext~~discussed ~~Options~~in ~~Exchange~~this report might not occur.

~~Safe~~These ~~Harbor~~factors, ~~Statement~~risks and uncertainties, which 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 pressures within Océ’s markets, the financing of Océ’s activities, 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 disposals and the effects of recent and potential future terrorists attacks and the war on terrorism.

~~This~~For ~~announcement~~a ~~contains~~more ~~certain~~detailed ~~forward-looking~~discussion ~~statements within the meaning~~ of the USrisks, ~~Private~~uncertainties ~~Securities~~and ~~Litigation~~other ~~Reform~~factors ~~Act~~that ~~1995.~~may affect Océ’s ~~has~~actual ~~based~~results, ~~these~~performance ~~forward-looking~~or ~~statements~~achievements, onyou ~~its current~~should ~~expectations~~refer ~~and~~to ~~projections~~pages ~~about~~62 ~~future~~to ~~events.~~67 ~~Océ’s~~of ~~expectations~~the ~~and~~annual ~~projections~~report ~~may~~for ~~change~~2003, ~~and~~Océ’s ~~its~~Annual ~~actual~~Report ~~results~~on ~~may~~Form ~~differ substantially from those projected in the forward~~20-~~looking~~F ~~statements~~and ~~based~~any onother ~~various~~filings ~~important~~made ~~factors (some~~by ofOcé ~~which~~with ~~are~~the ~~beyond~~United ~~Océ’s~~States ~~control)~~Securities and ~~which~~Exchange ~~are neither manageable nor foreseeable by Océ~~Commission.

~~These~~Océ’s ~~factors~~forward-looking ~~include,~~statements ~~but~~speak ~~are~~only ~~not~~as ~~limited~~of ~~to, changes in economic and business conditions, customer demand in competitive markets,~~ the ~~successful~~date ~~introduction~~on ofwhich ~~new~~the ~~products~~statements ~~and~~are ~~services into the markets~~made, ~~developments in technology, adequate pricing of products~~ and ~~services,~~Océ ~~competitive~~undertakes ~~pricing~~no ~~pressure~~obligation ~~within~~to ~~the~~update ~~Company’s~~or ~~markets,~~revise ~~financing~~publicly ~~the~~any ~~Company’s operations, efficient and cost~~forward-~~effective operations,~~looking ~~changes in foreign currency exchange rates~~statement, ~~fluctuations~~whether inas ~~interest~~a ~~rates,~~result ~~uncertainty~~ of ~~political~~new ~~situations~~information, ~~changes~~future inevents ~~governmental~~or ~~regulations and laws, tax rates, successful acquisitions, joint ventures and dispositions and effects of recent and further terrorists attacks and the war on terrorism~~otherwise.

~~For a~~The ~~more~~publicity ~~detailed~~listed ~~discussion~~holding company of the ~~risks~~Group ~~and~~is ~~other~~Océ ~~factors~~N.V. ~~that~~The ~~may~~issued ~~affect~~share ~~the~~capital amounts ~~Company’s~~to ~~results~~over € 53.6 million divided into € 43.6 million ordinary shares, ~~business~~€ or10 ~~financial~~million ~~condition~~financing preference shares and € 1,500. ~~pages~~– 64priority ~~till~~shares. 66The ordinary and financing preference shares have a nominal value of ~~the~~€ 0.50. ~~Annual~~Ordinary ~~Report~~shares ~~2002,~~in Océ’s ~~Annual~~are ~~Report~~listed on ~~Form~~the ~~20-F~~stock exchanges in Amsterdam (Euronext), Düsseldorf, Frankfurt/ Main and ~~other~~on ~~filings~~the ~~made~~electronic ~~by Océ~~stock ~~with~~exchange (EBS) in Switzerland. They are traded in the USUnited ~~Securities~~States ~~and~~as ~~Exchange~~American ~~Commission~~Depositary Receipts ~~should~~(ADRs) bevia ~~consulted~~NASDAQ. Options to Océ shares are traded on the Euronext Options Exchange.

Océ’s forward-looking statements 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] 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 of Océ]

Océ intends to transfer part of its assembly activities to China and Eastern Europe

Venlo, 29th September 2003—Océ-Technologies B.V. intends to transfer part of its assembly activities for printers and the associated sourcing of components from Venlo to Eastern 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 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.

It is planned that the assembly of modules will be transferred to Eastern Europe during 2004, while 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 is holding discussions with the works council and trade unions about these plans. The company intends to provide employees whose jobs are lost with support in finding new positions over an extended period. Compulsory redundancies cannot be ruled out.

In July 2003 Océ announced that it was conducting a study into the possibilities of transferring activities to countries with lower labour costs. The policy plans announced today are among the outcomes of this study.

The plans were announced and explained to employees in the assembly departments this morning in person by Mr. Nico Koole, director of Océ Manufacturing & Logistics.

Océ N.V.

~~29th~~P.O. ~~September~~Box ~~2003~~101, 5900 MA Venlo, the Netherlands

Telephone (+31) (0)77 3592240

Telefax (+31) (0)77 3595436

Océ on Internet: http://www.oce.com

E-mail: info@oce.com

Trade register Venlo 12002283

Océ enables its customers to manage their documents efficiently and effectively by offering innovative print and document management products and services for professional environments.

LOGO


Press release Océ N.V.

Final results 2004

Dividend 2004

Annual General Meeting of Shareholders 2005

Final results 2004

Océ confirms that the final results for the 2004 financial year are equal to the provisional results that were published on January 17, 2005. This means total revenues of € 2,652.5 million, operating income of € 110.4 million, net income of € 78.1 million and basic earnings of € 0.89 per € 0.50 ordinary share.

Dividend 2004

As announced on January 17 last, it will be proposed to shareholders to adopt a dividend for the 2004 financial year of € 0.58 (2003: also € 0.58) per ordinary share of € 0.50 nominal. Upon adoption of this proposal the final dividend per ordinary share for 2004 will be € 0.43; the interim dividend amounted to € 0.15. It is proposed to pay out the final dividend fully in cash.

The dividend will be made available for payment as from May 3, 2005. Shares in Océ N.V. will be listed as “ex-dividend” with effect from April 19, 2005.

General Meeting of Shareholders

The Annual General Meeting of Shareholders will be held in Venlo on Friday, April 15, 2005, commencing at 14.00 hrs.

The agenda for this meeting will be available in printed form and also via the internet (www.oce.com) as of March 15, 2005.

Annual Report 2004

The annual report will be published on the internet (www.oce.com) on February 1, 2005 and will be available in printed form as of February 18, 2005.

Océ N.V.

January 31, 2005

Filing Compare · OCE N V