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Earnings up 6% in Diebold's 2Q '04

July 20, 2004

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NORTH CANTON, Ohio - Diebold Inc. (NYSE: DBD) reported that its second-quarter earnings were up 6 percent, to $43.7 million from $41.3 million in 2003's second quarter. Per-share profits rose to 60 cents from 57 cents diluted; this was within Diebold's previous guidance of 58 cents to 62 cents EPS.

Sales at Diebold increased 15 percent, to a record $552 million from $480.9 million. Diebold attributed the increase to strong growth in financial self-service products which was fueled by strong demand for the company's new Opteva ATMs, particularly in the United States.

Opteva orders in 2004's second quarter totaled more than $80 million, including orders from two major North American financial institutions in North America totaling $7.1 million; three orders in Latin America totaling $6.3 million; and an order in the Philippines for $1.7 million.

Revenue for financial self-service products rose from $147 million in 2003's second quarter to $178.6 million in the latest quarter. Services revenue rose from $203 million in 2003's second quarter to $209.6 million in the latest quarter. Total financial self-service revenue was $388.2 million in the latest quarter, up from $350 million in 2003's second quarter.

Security solutions revenue rose from $123 million in 2003's second quarter to $136.6 million in the latest quarter. Election systems revenue was $27 million in the latest quarter, up from $7.6 million in 2003's second quarter.

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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