One of the best fiscal years and solid start for Diebold Nixdorf

Published: 17 November 2016 y., Thursday

Wincor Nixdorf AG met its revenue target for fiscal 2015/2016, which was on a par with the guidance figure it had previously revised upward, and exceeded the mark set with regard to operating profit. Net sales totaled €2,579 million, up 6% on the prior-year figure (2014/2015: €2,427 million). Operating profit, i.e., earnings before interest, taxes, and amortization (EBITA), reached €194 million (2014/2015: €102 million) without accounting for non-recurring items and was thus up €4 million on the figure most recently projected by the company.

On this basis, Wincor Nixdorf AG recorded one of its best fiscal years since its inception. Fiscal 2015/2016 produced the highest net sales and second highest operating profit in the history of the company. This was the result of major progress made by the Group in its efforts to adapt its business to changing market conditions. The Delta program of transformation, which entered its second year of execution in fiscal 2015/2016, moved forward with great success and better than planned. This strong performance by Wincor Nixdorf also provides a solid foundation for the new company to be created, Diebold Nixdorf. Integration efforts within this area are progressing well. A number of important milestones have been reached in recent months as the basis of a successful start for Diebold Nixdorf. These include the official closing and joint corporate planning as well as the approval of a domination and profit and loss transfer agreement by shareholders at a recently convened Extraordinary General Meeting.

In pursuing the business combination with full corporate integration, the two companies have charted a well-judged course for the future: Diebold and Wincor Nixdorf complement each other perfectly in respect of geographic coverage. Alongside the benefits of synchronized R&D efforts and sales portfolios within the area of Hardware, the combined group will be in a position to provide more extensive resources for Software and Services, the aim being to support customers effectively as they make the transition toward the digital age of connected commerce. Retail business within the US market will also provide opportunities for growth.

Read the full press release

Šaltinis: penki.lt
Copying, publishing, announcing any information from the penki.lt portal without written permission of penki.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Comments

XRumerTest IP: 91.236.74.119
16/05/2017 02:19 (!)
Hello. And Bye.
XRumerTest IP: 195.22.126.33
10/05/2017 06:51 (!)
Hello. And Bye.
XRumerTest IP: 195.22.126.40
28/03/2017 05:10 (!)
Hello. And Bye.

Study: Wincor Nixdorf takes over market leadership for multivendor software in North America

Wincor Nixdorf remains the market leader for multivendor ATM application software in Europe and Latin America and has advanced to the top spot in North America since the last study in 2013 according to a study published by the British market research company RBR. Worldwide, the company is number two in software used to operate ATMs from third-party vendors (multivendor application software). more »

Wincor Nixdorf and Mahindra Comviva partner to enable NFC and QR Code based transactions at the ATM with mobiquity Wallet

Wincor Nixdorf, one of the leading providers of IT solutions to retail banks and Mahindra Comviva, the global leader in providing mobility solutions, have collaborated to enable seamless transaction experience at the ATM. more »

President of European Bank to visit Baku

President of the European Bank for Reconstruction and Development Suma Chakrabarti will visit Azerbaijan in June 2016. more »

Net sales up substantially and earnings boosted in first quarter – positive impact from restructuring – earnings guidance upgraded

Wincor Nixdorf AG saw net sales rise by 14% year on year in the first quarter of the current fiscal year 2015/2016, while operating profit (EBITA) before restructuring expenses increased by 78%. After restructuring expenses EBITA was up by 46%. In absolute terms, net sales generated by the Group totaled €727 million (previous year: €640 million). more »

ProCredit and Liberty Bank Partner Up

Two Georgian banks, ProCredit and Liberty, signed a memorandum of mutual understanding, a so–called “Host to Host”cooperation, which allows clients to benefit from both banks' services. more »

Halyk Bank was awarded “Bank of the Year 2015 in Kazakhstan” by The Banker

SC Halyk Bank (Halyk Bank) (LSE: HSBK) has been presented «Bank of the Year in Kazakhstan» award at the 16th «Bank of the Year» awards ceremony in London arranged by The Banker, the reputed international financial magazine. more »

Nordea awarded Bank of the Year in Western Europe

Nordea is named Bank of the Year among the leading Western European banks for 2015 by the magazine The Banker, owned by the Financial Times. more »

Kapital Bank Named the Best Bank in Azerbaijan

Business New Europe, which is one of the most renowned international financial publications, named Kapital Bank as the Best Bank in Azerbaijan. According to Haqqin.az , Kapital Bank received this honorary title for its strong financial performance. more »

CARTES Secure Connexions Becomes TRUSTECH

This 17-19 November at the Paris Nord Villepinte Parc d'Expositions Exhibition Centre the CARTES Secure Connexions 2015 - the world's leading trade show for secure solutions in payment, identification and mobility - will be held for the 30th time already. more »

Wincor Nixdorf turnaround in net sales and earnings expected

Wincor Nixdorf AG ended fiscal 2014/2015 slightly better than anticipated in the revised outlook issued at the end of the first half. Net sales totaled €2,427 million, down 2% on the prior-year figure (2013/2014: €2,469 million). more »