PresseBox
Pressemitteilung BoxID: 721751 (Diebold Nixdorf GmbH)
  • Diebold Nixdorf GmbH
  • Heinz-Nixdorf-Ring 1
  • 33106 Paderborn
  • http://www.wincor-nixdorf.com
  • Ansprechpartner
  • Andreas Bruck
  • +49 (5251) 693-5200

Net Sales and EBITA for First Quarter in Line with Expectations - Outlook Reaffirmed

(PresseBox) (Paderborn, ) Wincor Nixdorf AG completed its first quarter of fiscal 2014/2015 with net sales comparable to the level recorded in the same period a year ago, while EBITA was down 12 percent year on year. In absolute terms, net sales generated by the Group totaled €640 million (previous year: €638 million). Operating profit (EBITA) amounted to €37 million (€42 million). As a result, the EBITA margin fell by 0.8 percentage points to 5.8% (6.6%). Profit for the first three months of fiscal 2014/2015 stood at €25 million (€28 million). Based on the figures presented by Wincor Nixdorf, the start to its fiscal year was in line with company expectations. At the same time, the Group reaffirmed its outlook for the annual period as a whole. It has forecast a moderate increase in net sales, which is to be accompanied by growth in EBITA. Taking the figure of €135 million for fiscal 2013/2014, adjusted for exceptional items, as a starting point, Wincor Nixdorf aims to achieve a percentage increase in EBITA slightly above that of net sales.

Wincor Nixdorf feels that the first three months of fiscal 2014/2015 have confirmed its original assessment, namely that wider market conditions influencing its business would remain volatile and challenging in the current fiscal year. Against this backdrop, Wincor Nixdorf is pressing ahead with measures already initiated for the purpose of realigning its activities. "Sustained growth in our Software business and expansion in the emerging markets are two major aspects of the strategic changes we are currently pursuing, and this is also reflected in our first-quarter performance," said CEO & President Eckard Heidloff when commenting on the company's interim results for the first three months.

Net Sales Up in Banking Segment, Retail Segment Down on Previous Year

Net sales attributable to the Banking segment rose by 5% to €421 million (€400 million) in the first quarter. EBITA for the Banking segment amounted to €25 million (€30 million) in the first three months of the fiscal year, which corresponds to a decline by 17% or €5 million. Net sales generated in the Retail segment fell by 8% in the first three months of the fiscal year, taking the figure to €219 million (€238 million). At €12 million, EBITA within the Retail segment matched the previous year's figure for the first three months.

Regional Performance: Growth in Asia and Americas

In Germany, net sales for the first quarter of the fiscal year contracted by 8% to €139 million (€151 million), thus accounting for 22% (24%) of the Group's total net sales in the reporting period. Net sales generated in Europe (excluding Germany) during the first three months of the fiscal year amounted to €300 million (€303 million), which corresponds to a decline of 1%. Against this backdrop, Europe continued to account for 47% of the Group's total net sales, unchanged from the same period a year ago and still the largest contributor to consolidated revenue. Asia/Pacific/Africa saw net sales increase by 3% to €119 million (€115 million) in the first three months of the fiscal year. The share of total net sales attributable to the Asia/Pacific/Africa region thus also remained unchanged year on year at 18%. Expressed in U.S. dollars, net sales generated in the Americas grew by 8% during the reporting period. Translated into euros, this corresponded to growth of 19% to €82 million (€69 million). As a result of this year-on-year increase, the proportion of net sales generated in the Americas rose to 13% (11%).

Decline in Hardware Business Offset by Higher Net Sales from Software/Services

In the first quarter of the fiscal year, net sales attributable to the Hardware business totaled €282 million (€305 million), which corresponds to a year-on-year decline of 8%. By contrast, net sales generated from the Software/Services business rose by 8% to reach €358 million (€333 million). The share of total net sales attributable to the Hardware business stood at 44% (48%). Correspondingly, Software/Services business accounted for 56% (52%) of total net sales.

This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results - including the financial condition and profitability of Wincor Nixdorf - to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.